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.
There are different rules for packages handled by commercial delivery firms like United Parcel Service, FedEx and DHL – which handle the majority of Temu and Shein packages.
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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.
The loophole allowed retailers to not pay import taxes or tariffs on shipments valued at less that $800 that were sent straight to customers.
It allowed packages worth less than $800 dollars from China to enter the U.S. duty free. That loophole was destroyed with the new tariffs, and subject to the same 145% as everything else. Now, it’s been lowered to 30%.
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?