China celebrates hard-line stance
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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.
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 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,
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.
Cheaper goods from China are no longer exempt from import duties, which could sharply raise prices for consumers.
Gold prices fell on Wednesday as de-escalation in U.S.-China trade tensions weakened safe-haven demand, while markets eyed another set of inflation data to assess the Federal Reserve's policy path.
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
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Explícame on MSNThe impact of eliminating the 'de minimis loophole' on Temu and SheinThe removal of the 'de minimis loophole' by the Trump administration has reshaped the landscape for e-commerce giants like Temu and Shein. This policy change, aimed at protecting domestic industries,