Trump Slashes 'De Minimis' Tariff on China
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Low-value parcels shipped from China to the U.S. are now subject to a 54% tariff after a trade agreement was reached.
President Donald Trump's executive order on the "de minimis" tariff rate provided some relief, but are stores like DHgate still affordable?
The de minimis exemption allowed items valued at up to $800 and sent from China via postal service to previously enter the United States duty free and with minimal inspections
Cheaper goods from China are no longer exempt from import duties, which could sharply raise prices for consumers.
On May 2, the administration of U.S. President Donald Trump ended the de minimis policy allowing packages worth less than $800 ordered online from China and Hong Kong to enter the United States duty free. It imposed tariffs of 120 percent on such parcels.
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Explícame on MSNFrom 145% to 30%: How the US-China deal impacts Shein and Temu shipmentsThe termination of the 'De Minimis' exemption has reshaped the landscape for e-commerce companies like Shein and Temu. Previously, this policy allowed low-value packages to enter the US without tariffs,
An agreement between the United States and China to temporarily slash tariffs stopped short of reinstating the U.S. "de minimis" duty exemption for ecommerce packages from China, but still gives online retailers like Shein and Temu a window to adapt their businesses.
Small packages from China are still subject to tariffs of 120%, a White House official confirmed Monday — a major blow for U.S. consumers seeking cheap goods from e-commerce retailers like Shein and Temu.