US to slash tariff on small China parcels from 120% to 54%
US news | The GuardianTuesday, May 13, 2025 at 7:37:38 AM
The US is reducing tariffs on small parcels from China and Hong Kong from 120% to 54%, signaling a de-escalation in the trade war. The move benefits e-commerce platforms like Shein and Temu and follows a 90-day pause in trade tensions agreed upon by Washington and Beijing.
What This Means: This tariff cut reflects a temporary easing of US-China trade tensions, potentially lowering costs for consumers and businesses reliant on low-value imports. However, it remains part of a broader, ongoing trade conflict that could see further shifts depending on future negotiations.
— Curated via WP Now’s AI editorial system
