Low-value parcels shipped from China to the U.S. are now subject to a 54% tariff after a trade agreement was reached.

Following the lowering of reciprocal tariffs, the White House announced that it would slash duties on de minimis shipments from China by more than half.

Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Spencer Soper reports that closing the de minimis duty-free loophole for low-cost goods into the US is likely to have ripple effects across the economic landscape.

Cheaper goods from China are no longer exempt from import duties, which could sharply raise prices for consumers.

The United States has reduced 'de minimis' tariffs on low-value shipments from China to 30%, per a White House directive. This move aims to mitigate the trade war impact and offers relief to e-commerce giants like Shein and Temu.

The United States will cut the "de minimis" tariff for low-value items imported from China, a White House executive order said on Monday, further de-escalating a potentially damaging trade war between the world's two largest economies.

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

President Donald Trump's executive order on the "de minimis" tariff rate provided some relief, but are stores like DHgate still affordable?