Trump reduces tax on cheap imports from China

The White House confirmed a 90-day mutual reduction in tariff rates with China, lowering duties on imports valued below $800 to a 54 percent tariff or a flat $100 per-parcel fee, effective May 14th. This change counters the previous “de minimis” exemption and replaces plans to double the flat fee to $200. Companies like Temu and Shein, which benefited from tax-free imports, face challenges as they raise prices in response to tariffs that remain higher than initial rates proposed by Donald Trump.