US EditionDespite China trade deal, Trump maintains 120% tariff on cheap goods
- On Monday, the US and China reached a trade deal that lowered tariffs but did not reinstate the de minimis exemption for small parcels valued under $800.
- The White House ended the de minimis exemption to reduce illegal drug shipments, disrupting the low-cost, high-speed model used by platforms like Shein and Temu.
- Shein and Temu, criticized for fast product turnover and poor working conditions, accounted for over 30% of daily de minimis shipments before price increases caused sales declines.
- Ken Pucker cautioned that tariffs are expected to reduce consumption and may negatively affect efforts toward fashion sustainability, emphasizing that addressing the industry's environmental challenges will necessitate implementing numerous new regulations.
- The trade deal and tariff policies may shift consumer choices and challenge responsible brands amid rising costs, cautious spending, and ongoing trade uncertainty, according to industry leaders.
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Cryptocurrency News | Cryptocurrency Prices | Market CapShein and Temu left out of tariff truce as US keeps crackdown on cheap imports
Chinese fast-fashion giants Shein and Temu are bracing for higher costs and tighter margins.
Trump Maintains 120% Tariff on Small Items from China
"Small packages from China are still subject to tariffs of 120%, a White House official confirmed Monday — a major blow for U.S. consumers seeking cheap goods from e-commerce retailers like Shein and Temu," Axios reports."Trump previously ended a loophole that allowed low-value goods into the
No Relief for Shein and Temu Customers as White House Maintains Small Package Tariffs
Despite a new trade deal that temporarily reduces tariffs on many Chinese goods, the White House confirmed Monday that small packages from China will continue to face significant import duties. This decision particularly impacts consumers who purchase low-cost items from popular e-commerce retailers like Shein and Temu. Under the new agreement announced by the Trump administration, tariffs on a wide range of Chinese imports will drop from 145% t…
Trump lowers US tariff barrier for Temu and Co. just a little
Even after the temporary relaxation in the trade dispute, Donald Trump made it more difficult for Chinese online traders such as Temu and Shein to continue their business in the US. Until recently, they benefited from the fact that goods with a value below $800 were exempt from customs duties. However, since early May, a duty of 120 percent has been due - with a minimum levy of $100 per package.
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