Reported about 8 hours ago
The United States will reduce the 'de minimis' tariff on low-value imports from China to 54% from 120%, following a trade agreement aimed at easing tensions between the two countries. This order, effective from May 14, 2025, will benefit companies like Shein and Temu, which rely heavily on small shipments. The policy change comes after increasing scrutiny of the de minimis exemption, which has been criticized for allowing low-cost Chinese goods to flood the U.S. market, potentially undermining domestic industries.
Source: YAHOO