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.
Beginning Wednesday, shipments arriving in the United States from China and Hong Kong worth less than $800 could face 54 percent tariffs.
Low-value parcels shipped from China to the U.S. are now subject to a 54% tariff after a trade agreement was reached.
At the end of the day, the brunt of the tariffs will fall on US consumers, especially lower-income ones who rely on relatively inexpensive products from China. Now, Americans can expect longer wait times and higher prices, trade experts told CNN.
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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,
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