Kiss your dirt cheap Temu and Shein orders goodbye, Trump’s tariffs hit hard
Kiss your dirt cheap Temu and Shein orders goodbye, Trump’s tariffs hit hard
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Are you obsessed? Do you have a secret staircase - or even better, a secret wardrobe - full of things? It is not impossible to do that, because many people are thirsty for buyers and buyers.
The very common applications of cheap items can get a cold shower from Trump (with love): the definitions and changes can exceed it so that TEMU and Shein prices rise to 30 %, which are new Read the report.
According to a report issued by Republicans in the House of Representatives, nearly half of the "minimum" charges to the United States are established in China. Of these, the solid third is the Timo and Shein packages. "De Minimis" (from Latin: something small, very small) was a base approved by Congress several decades ago that allowed commodities worth $ 800 or less to charge or bring them to the United States without import taxes.
President Trump canceled this tax loophole on cheap imports immediately after he announced his introduction to most of the American trading partners.
This is what TEMU and Shein- If a large-based major store requests 5,000 pairs of jeans from China, he will pay import taxes. These taxes will be translated into you, the end user.
However, if you request jeans (that is, less than $ 800) from China, you will get it without import taxes. sweet.
Will you keep Temu and Shein on your phone? | Credit Image - Phonearena
The Amazon can be the other big player who was struck by the Trump tariff and hurricane taxes. The e -commerce giant has announced the distance platform that also sells cheap commodities from China (TEMU brother, if you want).
In fact, Trump canceled the exemption in February, but the sudden change immersed customs and border protection and led the US Post service to temporarily stop shipments from China and Hong Kong. The exemption has been quickly re -giving the time of trade management to develop a system to collect definitions properly.
Now, the White House says these systems are present, and low-value imports will face a new duty: either 30 % of the value of the element or flat fees worth $ 25-an increase of $ 50 per element after June 1.
It is possible that companies such as Shein and TEMU will avoid billions of dollars in definitions. Since 2015, low-cost imports have jumped from about 139 million dollars to more than $ 1.36 billion annually by 2024-totaling about $ 66 billion, according to the estimates of the Peterson Institute for International Economy.
Are you obsessed? Do you have a secret staircase – or even better, a secret wardrobe – full of things? It is not impossible to do that, because many people are thirsty for buyers and buyers.
The very common applications of cheap items can get a cold shower from Trump (with love): the definitions and changes can exceed it so that TEMU and Shein prices rise to 30 %, which are new Read the report.
According to a report issued by Republicans in the House of Representatives, nearly half of the “minimum” charges to the United States are established in China. Of these, the solid third is the Timo and Shein packages. “De Minimis” (from Latin: something small, very small) was a base approved by Congress several decades ago that allowed commodities worth $ 800 or less to charge or bring them to the United States without import taxes.
President Trump canceled this tax loophole on cheap imports immediately after he announced his introduction to most of the American trading partners.
This is what TEMU and Shein- If a large-based major store requests 5,000 pairs of jeans from China, he will pay import taxes. These taxes will be translated into you, the end user.
However, if you request jeans (that is, less than $ 800) from China, you will get it without import taxes. sweet.
Will you keep Temu and Shein on your phone? | Credit Image – Phonearena
The Amazon can be the other big player who was struck by the Trump tariff and hurricane taxes. The e -commerce giant has announced the distance platform that also sells cheap commodities from China (TEMU brother, if you want).
In fact, Trump canceled the exemption in February, but the sudden change immersed customs and border protection and led the US Post service to temporarily stop shipments from China and Hong Kong. The exemption has been quickly re -giving the time of trade management to develop a system to collect definitions properly.
Now, the White House says these systems are present, and low-value imports will face a new duty: either 30 % of the value of the element or flat fees worth $ 25-an increase of $ 50 per element after June 1.
It is possible that companies such as Shein and TEMU will avoid billions of dollars in definitions. Since 2015, low-cost imports have jumped from about 139 million dollars to more than $ 1.36 billion annually by 2024-totaling about $ 66 billion, according to the estimates of the Peterson Institute for International Economy.
