Trump hikes ‘de minimis’ tariff on low-value packages from China to 120% Shein and Temu. Yuki Iwam

[human1234]

Trump hikes ‘de minimis’ tariff on low-value packages from China to 120%

 

Shein and Temu.

Yuki Iwamura | Bloomberg | Stefani Reynolds | AFP | Getty Images

Trump’s latest executive order hiking tariffs on Chinese imports also raises a separate U.S. duty on low-value packages imported from China — for the third time in eight days.

Until this year, the so called de minimis tariff exemption had provided the China-based online retailers Shein and Temu with a major advantage over many of their competitors.

Starting May 2, U.S.-bound packages from China valued at $800 or less will face a 120% tariff rate, according to the order.

This is an increase of 30 percentage points over a previous executive action signed Tuesday, which tripled de minimis tariffs to 90%.

The order signed Wednesday also increases the “per postal item” cost for those low-value shipments to $100 starting May 2, rising to $200 on June 1.

The order allows transportation carriers delivering the shipments to choose whether to pay the percentage rate or the flat rate — but they are locked into that choice and can only change it once a month.

— Kevin Breuninger

[anna_gari_maata]

Good move lekapothe house lo temu chetta antha nimpi dobbutunnaru

[Joker_007]

na laddula Temu motham garbage ..