#TrumpTariffs
New YorkCNN —
Shoppers got a little relief this week from a giant tariff on previously cheap, duty-free goods from China. But the tariffs that do remain are still poised to derail the shopping habits of millions of Americans who shop at ultra-low-priced e-commerce sites like Shein and Temu.
The Trump administration has cut its tariff on “de minimis” packages, or shipments of goods worth $800 or less, coming in from China from 120% to 54% and slashed the rate from 145% to 30% for packages from commercial carriers. A $100 flat-fee option also won’t surge to $200 per postal item come June 1, as was previously planned, according to an executive order issued Monday and which goes into effect after midnight on Wednesday.
The change is emblematic of the state of the US-China trade war. The relationship is improving, but it still has further to go before it’s back to pre-January levels. On Wednesday, China rolled back its overall tariffs on US goods to 10% for 90 days, while US levies on the vast majority of Chinese products have gone down to 30% for that period. The US tariffs come on top of levies that were already in place before US President Donald Trump began his second term.