U.S. Modifies China De Minimis Tariffs Amid Trade Truce
The United States has announced a significant reduction in de minimis tariffs on shipments from China, cutting rates from 120% to 54% and maintaining a flat fee of $100. This move coincides with a trade truce between Beijing and Washington, reversing President Trump's earlier tariff hike on low-value shipments.
The United States announced a major change to the de minimis tariffs on Chinese shipments, slashing them from 120% to 54% effective May 14. The flat fee will also stay at $100, reflecting a policy shift coinciding with a trade ceasefire between Beijing and Washington.
The de minimis rule, which has allowed a large volume of low-value goods to enter the U.S. duty-free, became a focal point in the U.S.-China trade tensions. Recent alterations come after President Trump's aggressive tariff measures in February targeting packages from companies like Shein and Temu.
The revised tariffs are expected to impact direct-to-consumer e-commerce significantly, aligning with bipartisan demands to close what some view as a loophole for cheap imports and smuggling. The long-standing regulation has come under increasing scrutiny amidst accusations of economic undercutting.
(With inputs from agencies.)
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