10 HOURS AGO
Trump triples tariffs to 90% on Chinese de minimis packages used by Shein and Temu
Dado Ruvic | Reuters
Trump has
signed an executive order that triples the previously announced tariff rates on low-value packages exported to the U.S. from China via the international postal system.
Trump set the initial tariff rate on packages worth less than $800 at 30% of the shipment’s value or $25, effective on May 2.
The new rate will be 90% of the shipment’s value or $75, rising to $150 after June 1.
Until this year, shipments worth less than $800, so called de minimis packages, had been exempt from tariffs.
This tariff-free category greatly benefited Chinese online mega retailers Shein and Temu, which ship goods directly to U.S. customers by international post.
— Christina Wilkie