U.S.China tariff deal buys time for Chinalinked ecommerce sites like Temu and Shein
News Source : NBC News
News Summary
- On Monday, the U
- S
- and China agreed to lower tariffs on most Chinese imports to 30% for 90 days
- The agreement included a relaxation of the so-called “de minimis’ rule, effective Wednesday
- Low-value packages shipped from China now be taxed at a tariff rate of 54%, down from 120% previously
President Donald Trumps tariff pause gives Temu and Shein a temporary window of opportunity to restock U.S.based warehouses and reevaluate their supply chain management, experts and insiders say. [+3648 chars]
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