• The School of Business
  • The School of Arts
  • The School of Wellness
  • The School of Fitness
  • The School of Public Affairs
Sunday, October 19, 2025
  • Login
  • Register
No Result
View All Result
  • The School of Business
  • The School of Arts
  • The School of Wellness
  • The School of Fitness
  • The School of Public Affairs
No Result
View All Result
Press Powered by Creators

Donald Trump pauses tariffs on low-cost parcels in US-China trade reprieve

The Owner Press by The Owner Press
February 8, 2025
in Business News
Reading Time: 4 mins read
A A
0
Share on FacebookShare on Twitter


Unlock the Editor’s Digest free of charge

Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter.

US President Donald Trump has quickly paused measures to shut a tariff exemption on low-cost shipments from China whereas officers work out learn how to tax the tens of millions of packages that arrive within the US daily.

In an modification to an government order signed on Wednesday and revealed on Friday, the White Home stated the so-called de minimis provision — which exempts shipments beneath $800 in worth from tariffs and rigorous customs checks — would stay in place till “enough methods are in place to totally and expediently course of and gather tariff income”.

Trump had cancelled the exemption in an government order final week that imposed an additional 10 per cent tariff on items from China, which the White Home stated was aimed toward punishing Beijing for permitting the movement of lethal opioid fentanyl into the US. The remainder of the tariffs stay in impact.

China retaliated days later, saying tariffs of 10 to fifteen per cent on US liquefied pure fuel, coal, crude oil and farm gear, that are on account of take impact from Monday.

Trump stated on Tuesday that he was in “no rush” to speak to his Chinese language counterpart.

The de minimis provision was designed to assist US households and small companies buy low-cost gadgets from overseas with out making them topic to onerous customs checks. In recent times, it has proved a boon to ecommerce platforms that ship on to customers, such as China’s Shein and Temu.

However had analysts warned that the transfer to cancel the exemption, which got here into impact simply days after it was introduced, would drive customs officers to use the extra sophisticated formal entry course of to each package deal arriving from China.

The US Customs and Border Safety estimates that it processes greater than 4mn low-value shipments every day. A congressional choose committee report in 2023 estimated that about 30 per cent of these packages got here from Temu and Shein.

The transfer would additionally make parcels previously qualifying for de minimis topic not solely to the extra 10 per cent tariff but additionally to current commerce levies, based on specialists.

The US Postal Service on Tuesday suspended receipt of packages from China, together with Hong Kong, earlier than backtracking one day later to simply accept shipments. USPS stated it was working with customs officers to ascertain an “environment friendly assortment mechanism”, because the fast implementation of the directive elevated workloads for customs officers and stoked turmoil for exporters and freight carriers.

Beneficial

Montage of Donald Trump and a chart

Chinese language ecommerce sellers additionally stated this week that some logistics teams have been charging them withholding charges to cowl the levies and different customs prices.

US officers have lengthy had the de minimis guidelines of their sights. Home retailers that buy gadgets from abroad in bulk have complained that the exemption gave Chinese language ecommerce teams an unfair value benefit.

Former US president Joe Biden’s administration had proposed measures to tighten guidelines regarding the de minimis regime.

A report from analysts at Nomura, the Japanese funding financial institution, estimated that China shipped $46bn value of packages to the US beneath de minimis guidelines in 2024, and that scrapping the exemptions might knock 0.2 proportion factors off Chinese language financial progress in 2025.



Source link

Tags: DonaldlowcostparcelsPausesReprievetariffstradeTrumpUSChina
Share30Tweet19
Previous Post

House Progressives Propose Cabinet-Level Agency For Peacebuilding

Next Post

Nordic Walking Can Improve Your Heart Function. Here’s How It Works.

Recommended For You

Margot Robbie Proves She’s Still Queen Of The Press Tour
Business News

Margot Robbie Proves She’s Still Queen Of The Press Tour

by The Owner Press
September 17, 2025
A mysterious ocean glow reported for over 400 years has stumped scientists. A new study could offer clues – CNN
Business News

NASA Spaceline Current Awareness List #1,168 3 October 2025 (Space Life Science Research Results) – astrobiology.com

by The Owner Press
October 17, 2025
Vance Scolds Europe on Democracy but Offers No Clarity on Trump’s Plan for Ukraine: Live Updates
Business News

Vance Scolds Europe on Democracy but Offers No Clarity on Trump’s Plan for Ukraine: Live Updates

by The Owner Press
February 14, 2025
After Northvolt’s failure, who will make Europe’s EV batteries?
Business News

After Northvolt’s failure, who will make Europe’s EV batteries?

by The Owner Press
December 23, 2024
Top Trump adviser struggled to soothe investors in talks after market tumult
Business News

Top Trump adviser struggled to soothe investors in talks after market tumult

by The Owner Press
April 30, 2025
Next Post
Nordic Walking Can Improve Your Heart Function. Here’s How It Works.

Nordic Walking Can Improve Your Heart Function. Here's How It Works.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LEARN FROM TOP VERIFIED OWNERS

Book an Office Hour

Related News

Record Contracts, Fewer Impacted Hospitals, and Regional Shifts

Record Contracts, Fewer Impacted Hospitals, and Regional Shifts

July 6, 2025
Federal Reserve Leaves Interest Rates Unchanged Even As Trump Demands Cuts

Federal Reserve Leaves Interest Rates Unchanged Even As Trump Demands Cuts

July 31, 2025
Borussia Dortmund held by Fluminense in Club World Cup opener

Borussia Dortmund held by Fluminense in Club World Cup opener

June 18, 2025

The Owner School

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    

Recent Posts

Brexit impact on UK economy ‘negative for foreseeable future’, Bank of England chief says | UK News

Brexit impact on UK economy ‘negative for foreseeable future’, Bank of England chief says | UK News

October 19, 2025
U.S. Returning Caribbean Strike Survivors To Colombia And Ecuador, Trump Says

U.S. Returning Caribbean Strike Survivors To Colombia And Ecuador, Trump Says

October 19, 2025
Bolivians choose between two right-wing politicians at presidential runoff

Bolivians choose between two right-wing politicians at presidential runoff

October 19, 2025

CATEGORIES

  • Business News
  • The School of Arts
  • The School of Business
  • The School of Fitness
  • The School of Public Affairs
  • The School of Wellness

BROWSE BY TAG

Australia big Cancer China climate Day deal Donald Entertainment Football Gaza government Health League live Money News NPR people Politics reveals Science scientists Season Set show Star Starmer Study talks tariff tariffs Tech Time Top trade Trump Trumps U.S Ukraine War White win World years

RECENT POSTS

  • Brexit impact on UK economy ‘negative for foreseeable future’, Bank of England chief says | UK News
  • U.S. Returning Caribbean Strike Survivors To Colombia And Ecuador, Trump Says
  • Bolivians choose between two right-wing politicians at presidential runoff
  • The School of Business
  • The School of Arts
  • The School of Wellness
  • The School of Fitness
  • The School of Public Affairs

© 2024 The Owner Press | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • The School of Business
  • The School of Arts
  • The School of Wellness
  • The School of Fitness
  • The School of Public Affairs
  • Login
  • Sign Up

© 2024 The Owner Press | All Rights Reserved