US Edition
US Cuts Tariffs on Small Parcels from Chinese Firms Like Shein and Temu to 54% from 120%
- The United States is reducing the low-value de minimis tariff on shipments from China to 54% from 120%, as announced by a White House executive order.
- This tariff cut follows a trade truce announced by Beijing and Washington after talks in Geneva.
- The $100 flat fee on packages remains, allowing online retailers like Shein and Temu to benefit and adapt their businesses.
- The de minimis exemption allows items valued up to $800 to enter the U.S. Duty-free, and this order will give relief to retailers like Shein and Temu.
158 Articles
158 Articles
The drama between Temu and Shein is unfolding before our eyes, Hungarian customers are also affected - we'll tell you which of the two could become more expensive.
Shein and Temu shoppers get huge relief after rule get slashed in half
SHEIN and Temu shoppers are getting a huge relief as a little-known “de minimis” rule is getting slashed in half. The US is slashing the tariff on cheap goods from China “from 120 per cent to 54 per cent,” according to a brand new executive order signed by President Trump. Shein and Temu shoppers are getting a huge relief as a little-known ‘de minimis’ rule is getting slashed in half (stock image) It comes after the two countries struck a breakt…
Shein Lowers Prices to Lure Back US Shoppers After Tariff Cut
Shein Group Ltd. lowered US retail prices this week after the Trump administration temporarily cut duties on Chinese imports, as the online fashion retailer moves to win back consumers scared away by recent tariff-induced price hikes.
Antonio Ortiz-Mena, director general of AOM Advisors in Washington, D.C., and Mexico City, analyzed the drop in tariffs from the United States and China and the reaction of markets.
By SILVINA ASPREA, CNN en Español Antonio Ortiz-Mena, managing director of AOM Advisors in Washington, D.C., and Mexico City, analyzed the tariff reductions by the United States and China and the market reaction. On CNN Primera Mañana, he stated that "the increase in taxes to unprecedented levels between the United States and China was quite surprising and caused the markets to collapse. The drop these days is also unpredictable, but I think it …
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