President Trump has announced a rollback of strict tariffs on Chinese imports, lowering rates from 145% to 30%, which benefits e-commerce brands like Shein and Temu. Additionally, tariffs on low-value parcels from China are temporarily reduced, reversing some stringent trade war measures. This deal reflects a broader negotiation between the U.S. and China, particularly in light of previous concerns over how de minimis exemptions facilitated cross-border shipments that could include illicit items. The reduced tariffs are set to last for 90 days as discussions continue for a long-term arrangement.
Frequent Shein and Temu shoppers can breathe a small sigh of relief after President Donald Trump rolled back the most stringent policies on Chinese imports.
Trump announced a broad trade deal lowering import taxes on all Chinese goods from 145% to 30%, while China reduced tariffs on U.S. imports from 125% to 10%.
Trump's executive order temporarily lowers tariffs on low-value, direct-to-consumer parcels from China, benefiting e-commerce giants and rolling back impactful trade war moves.
Earlier this year, Trump claimed the de minimis exemption allowed for the concealment of illicit substances in shipments, a change he attempted to counteract.
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