Trump Slashes 'De Minimis' Tariff on China
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As the U.S. and China negotiate a trade deal, Trump has lowered a levy on “de minimis” low-value packages, such as online shopping from Shein or Temu.
Low-value parcels shipped from China to the U.S. are now subject to a 54% tariff after a trade agreement was reached.
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Sourcing Journal on MSNTrump Administration Slashes De Minimis Duties as Trade War CoolsFollowing the lowering of reciprocal tariffs, the White House announced that it would slash duties on de minimis shipments from China by more than half.
Cheaper goods from China are no longer exempt from import duties, which could sharply raise prices for consumers.
President Donald Trump’s tariff pause gives China-linked e-commerce sites such as Temu and Shein a temporary window of opportunity to restock U.S.-based warehouses and re-evaluate their supply chain management,
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Sourcing Journal on MSNTrump Closes De Minimis ‘Loophole’ to China-Made GoodsThe president's executive order banning China-originating shipments from utilizing the trade exception took effect at 12:01 am.
Both nations pledged to cut their broad, ballooning tariffs after weekend talks. US tariffs dropped to 30% from 145%, while China’s moved to 10% from 125%, per a joint statement