US slashes 'de minimis' tariff on small China parcels to 54% (www.reuters.com)
from RandAlThor@lemmy.ca to world@lemmy.world on 13 May 11:11
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.

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catloaf@lemm.ee on 13 May 15:27 collapse

Big brother has lowered tariffs from 0% to 54%! How kind!

Corkyskog@sh.itjust.works on 13 May 15:52 collapse

The real fucking kicker is its 30% for the companies, consumers pay 54%. So Shein and Temu can fill their US warehouses, raise prices and pocket the tariff differential.