Massive Trump tariffs on China's cheapest exports continue to exist
Massive Trump tariffs on China's cheapest exports continue to exist
This week consumers in the USA received a small relief from the high tariffs to previously cheap and duty -free goods from China. But the remaining tariffs could continue to influence the shopping behavior of millions of Americans who rely on ultra-worthy e-commerce pages such as Shein and Temu.
changes in the customs sets
The Trump administration has the customs on " de minimis " packages, i.e. programs worth 800 dollar or less, from China, reduced from 120% to 54%. In addition, the tariff for packages was reduced from 145% to 30% by commercial shipping service providers. A planned increase in the flat rate from $ 100 to $ 200 per package from June 1 was also stopped, such as a Executive arrangement on Monday stated that comes into force from midnight on Wednesday.
The trade war between the USA and China
These changes are a sign of the current status in the trade war between the USA and China. Although relationships improve, they are not yet at the level of before January. On Wednesday, China The tariffs on US for 90 days, while the US tariffs were reduced to the majority of Chinese products to 30% during this period. These US tariffs come in addition to the existing taxes that were in force in front of Donald Trump's second term.
effects on consumers
At the end of the day, the main load of tariffs will bear US consumers, in particular low-income households that rely on relatively inexpensive products from China. According to experts, the Americans can expect longer waiting times and higher prices.
"It is a better scenario than the alternative, but in the end it remains a significant disturbance for basic household goods such as clothing that is sent via the minimis exception," explained Clark Packard, research scholarship holder for trade policy at Cato Institute, a libertarian think tank, in conversation with Cnn.
political uncertainties and their consequences
The de minimis exception made Chinese e-commerce giants such as Shein and Temu possible to flood the US market with cheap goods that have been dependent on millions of Americans. But after the introduction of draconian tariffs on Chinese imports by President Trump, Chaos prevailed: USPS has temporarily set up the delivery of packages from China and the delivery times have extended. After the exception had expired two weeks ago, customers cnn these platforms increased .
Logistical adjustments of the companies
A few hours after the DE Minimis exception at the beginning of May, Temu announced that it was
The higher tariffs on cheap imports will meet the strongest of the households weaker. According to a study from February of uclla and yale-economists were about 48% of the de minimis packages Postcodes sent in the USA, while 22% were sent to the richest. "It will hurt the people who have a little harder than the average American," said Packard. stress for low -income households
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