reuters.com
www.reuters.com

cross-posted from: https://lemmy.ca/post/43966356

The tariff relief, which affects big Chinese e-commerce players including Shein and Temu, follows a deal between Beijing and Washington to unwind most of the duties imposed on each other’s goods since early April, after weekend talks in Geneva.

  • mosiacmango@lemm.ee
    23·
    3 days ago

    Wow Reuters, good reporting. He increased the tariff on these packages to 120% from 0%, then reduced the increase to 54%.

    What a stunning “slash” of the tariff on these shipments, he only increased them 54%!

    • Fermion@feddit.nl
      10·
      3 days ago

      We should all be so excited that a new federal sales tax that didn’t go through congress, and hasn’t been challenged by congress, is only at absurd levels instead of straight embargo levels.

  • Corkyskog@sh.itjust.works
    5·
    3 days ago

    This really just helps big companies, like Shein and Temu. So now these companies can restock all their US warehouses at 30%, meanwhile anyone who wants to order from a china direct marketplace has to pay 54%.