China, Temu and SHEIN
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Trump Slashes 'De Minimis' Tariff on China
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Shein has reduced its US retail prices following a temporary decrease in import duties on Chinese goods by the Trump administration. This move aims to attract American consumers who were put off by recent price increases.
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.
The US 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’
The U.S. and China agreed to a 90-day reduction in tariffs—dropping U.S. tariffs on Chinese goods from 145% to 30%. While major retailers and many
STORY: The U.S. looks set to cut the so-called “de minimis” tariff on low-value packages from China to as little as 30%. That would be a further step towards de-escalating a trade war between the two nations.