US to slash tariff on small China parcels from 120% to 54%

Cut in low-value ‘de minimis’ tariff marks further de-escalation of trade war and will benefit Shein and TemuBusiness live – latest updatesThe US has announced it is cutting the tariff on small parcels sent from mainland China and Hong Kong to the US from 120% to 54%, hours after Washington and Beijing agreed a 90-day pause in their trade war.Donald Trump signed an executive order more than halving the levy, which was brought in at the start of this month to close the “de minimis” loophole allowing low-value goods to be sent to the US without paying any import fees. Continue reading...

Comments

Business News

Inflation cooled again last month as grocery and gas prices fell, few signs of tariff impact yet

washington times

Comments

Similar News

Scientists are fed up with US cuts, saying it's 'not worth staying here'

Trump reportedly fires head of US copyright office after release of AI report

FTSE 100 Live 13 May: Unemployment figures released, index cools after US rebound

US cuts tariffs on small parcels from Chinese firms like Shein and Temu

The US and China reached a 90-day trade truce. Now begins the race to import stuff.

Here's how YOU can cash in on the bombshell trade deal between China and the US by our investment guru ANNE ASHWORTH

April was the most intense month yet for Canadians' US-travel boycott

US rakes in record $16B in customs duties in April from Trump tariffs

McDonald’s to hire 375K US workers this summer — most in years despite weak first quarter

Trump is headed to Saudi Arabia &mdash; and a 'who's who' of US CEOs are right behind him

14 archeological sites in the US that changed what we know about the earliest Americans

US businesses that rely on Chinese imports express relief, anxiety over tariff pause

The Science of Happy Workplaces: What Data Tells Us About Stress and Satisfaction

Trump signs order aiming to slash US drug prices to match those abroad

Apple reportedly eying iPhone price hikes this fall — despite US-China trade deal

London stocks strike month-high after US-China tariff deal

London stocks strike month-high after US-China tariff deal

We found an all-inclusive in the US that curbed our craving for a luxurious African safari. I'm already planning our 6th visit.

The age of incredibly powerful 'manager nerds' is upon us, Anthropic cofounder says

Faisal Islam: US and China step back from beyond brink

Business News

Inflation cooled again last month as grocery and gas prices fell, few signs of tariff impact yet

World trade chief says global free trade is in a crisis while on visit to Japan

Honda Canada postpones multibillion EV investment project in Ontario

State pensioners could get extra £4,050 in payments through these two schemes

British boss of US healthcare giant UnitedHealth quits for ‘personal reasons’

Jaguar Land Rover ‘cannot discount’ building cars in US amid tariffs

US to cut ‘de minimis’ tariff on China shipments to 54% from 120%

US inflation slows unexpectedly to 2.3% in April

UnitedHealth CEO abruptly quits, predecessor returns in major shakeup — 5 months after Brian Thompson shooting

The best easy access savings account to make hundreds of pounds – and the one that could trick you out of cash

I tried Wetherspoons’ new menu and it tasted better than KFC and Honest Burger

Water firm warns of possible hose pipe ban this summer due to drought risk

Tom Grennan surprises fans at local Tesco store

Krispy Kreme fans go wild for new pistachio doughnut after Brits demanded it be brought to UK

Is gold still a good investment after price hits all-time high?

U.S. Lowers Tariffs On Parcels From China—Affecting Brands Like Temu And Shein

Two Food Lovers Meet In Search Of A Recipe In ‘Tastefully Yours’

Virtual Power Purchase Agreements May Be A Quick Fix In Climate Quest

What Time Does F1 Emilia Romagna Grand Prix 2025 Start? Here’s How To Watch

‘The Bear’ Season 4’s Imminent Release Date Revealed

TCL Team Boxing League Packs A Punch On Dr. Phil’s Merit TV

Sean ‘Diddy’ Combs Trial Underway: Here’s What Happened On Day 1

TV Star Kate Walsh Talks About Multi-Cancer Early Detection Testing

Sean ‘Diddy’ Combs Trial: Cassie Expected To Testify Today (Live Updates)

Kim Kardashian Testifies In Paris Robbery Trial: Says She Thought She ‘Was Going To Die’

‘Snow White’ Is Now Streaming—How To Watch Disney’s Live-Action Flop From Home

Unique Ciders That Are Perfect For Spring

Trump’s Tariffs Face Key Legal Hearing Today—Here’s What To Know About Possible Block

When An Oil Refinery Closes In California

Book Review: Graydon Carter’s Spectacular ‘When The Going Was Good’

GM’s New Battery Will Cut The Cost Of Its Electric Trucks By Over $6,000

Inflation Hits Lowest Level In 4 Years Despite Tariff Chaos

Trash To Treasure — Can Waste Plastic Be Converted To Fuel?

‘A Minecraft Movie’ Is Now Streaming—How To Watch The Blockbuster Film At Home

TV’s Best New Sci-Fi Show Arrives With A Perfect 100% Critic Score

CBS Extends Daytime Leadership To 39 Seasons

British boss of US healthcare giant UnitedHealth quits for ‘personal reasons’

Jaguar Land Rover ‘cannot discount’ building cars in US amid tariffs

World trade chief says global free trade is in a 'crisis' while on visit to Japan

China seeks a united front with Latin America in countering Trump's trade war

European Council president says Serbia's leader has vowed to stay on the EU path despite Russia trip

Budget airline begins deportation flights for ICE with start of Arizona operations

World shares make modest gains as euphoria over China-US trade truce wavers

UnitedHealth Group CEO steps down; suspends 2025 outlook on higher-than-expected medical costs

'Highest earning' postcodes for driveway rentals - is yours on the list?

How much you need for a 'comfortable' retirement in the UK

Car insurance bombshell as one age group is paying huge amounts

The Crusader: Pensioner's gambling subscription dispute resolved

Early State Pension access plan for older disabled people campaign update

Thames Water warns customers of potential restrictions as drought risk looms

Thames Water chairman apologises to customers but defends bonuses for bosses

Lidl shoppers rush to pick up 89p lights perfect for a budget garden makeover this summer

I came back from hol to find neighbour’s HUGE eyesore extension looming over my fence – it’s bigger than my entire HOUSE

Nationwide gives update on £100 bonus payment for customers

United Airlines Will Amp Up Boeing 787 Premium Seating, Starting In Frisco

Thunder Playoffs: Pivotal Game 5 Could Dictate Series Outcome

An Unlikely Climate Hero Is Making A Comeback

Trump is headed to Saudi Arabia — and a 'who's who' of US CEOs are right behind him