Tag #De Minimis

Showing 1 to 12 of 19 results

cbsnews.com
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End of De Minimis Tax Loophole Raises Prices for Online Shoppers

The elimination of the de minimis tax loophole on July 30th, 2024, means that low-value imported goods are now subject to tariffs, resulting in higher prices and potential delivery delays for U.S. consumers.

Progress

24% Bias Score

Reduced Inequality
edition.cnn.com
🌐 85% Global Worthiness
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Trump Ends Global Trade Loophole, Impacting Millions of Daily Shipments

President Trump ended a global trade loophole, eliminating duty-free entry for small packages into the US, impacting nearly 4 million daily shipments totaling 1.36 billion last year, mostly from China and Hong Kong, potentially raising prices for American consumers.

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40% Bias Score

Reduced Inequality
africa.chinadaily.com.cn
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US Cuts Tariffs on Chinese Packages, Boosting Shein and Temu

The United States reduced tariffs on small packages from China to 54 percent from 120 percent, benefiting online retailers like Shein and Temu and US consumers; this follows a 90-day pause in higher tariffs between the US and China.

Progress

36% Bias Score

Reduced Inequality
theglobeandmail.com
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US Cuts De Minimis Tariff on Chinese Goods

The White House reduced the de minimis tariff on low-value goods from China to 54 percent, from 120 percent, effective May 14, 2025, impacting major e-commerce companies like Shein and Temu, following a broader trade deal between the U.S. and China to de-escalate trade tensions.

Progress

36% Bias Score

Decent Work and Economic Growth
news.sky.com
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US to Eliminate De Minimis Rule, Raising Import Costs

The United States plans to eliminate its de minimis rule, ending the exemption of cheap imports under \$800 from customs duties, potentially causing higher consumer prices and impacting retailers like Shein and Temu, with a 145% tariff increase on previously exempt goods.

Progress

48% Bias Score

Responsible Consumption and Production
npr.org
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DHL Halts High-Value Shipments to U.S. Due to New Customs Rules

DHL announced on Monday that it will temporarily stop shipping packages over \$800 to U.S. consumers due to increased customs scrutiny resulting from new, more stringent U.S. customs rules and 10% tariffs implemented in early April, causing significant backlogs.

Progress

36% Bias Score

Reduced Inequality
bbc.com
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US Tax Hike Slams UK Small Businesses

Starting Friday, new US taxes on parcels under \$800 will significantly impact UK small businesses exporting goods to the US, causing many to halt shipments due to increased costs and uncertainty, with larger companies better equipped to handle the change.

Progress

48% Bias Score

Decent Work and Economic Growth
cnn.com
🌐 85% Global Worthiness
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Trump Ends Duty-Free Imports for Small Packages

President Trump ended a trade loophole that allowed duty-free entry for small packages, impacting mainly Chinese mega-shippers and potentially raising prices for US consumers, especially those with lower incomes.

Progress

40% Bias Score

Reduced Inequality
europe.chinadaily.com.cn
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US Reduces Tariffs on Chinese Packages, Boosting Shein and Temu

The US reduced tariffs on small packages from China, lowering them from 120 percent to 54 percent, benefiting online retailers like Shein and Temu and potentially de-escalating trade tensions between the two countries.

Progress

36% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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US Cuts Tariffs on Chinese Parcels After Trade Truce

The US slashed tariffs on small packages from China and Hong Kong from 120% to 54%, following a 90-day trade war truce with China, impacting companies like Shein and Temu that heavily rely on Chinese imports.

Progress

40% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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End of De Minimis Trade Exemption to Raise Prices for Online Shoppers

The "de minimis" trade exemption, allowing duty-free import of goods valued at $800 or less, ended Friday, impacting online retailers like Temu, Shein, eBay, and Etsy and likely increasing consumer prices due to increased tariffs and import charges.

Progress

48% Bias Score

Responsible Consumption and Production
euronews.com
🌐 90% Global Worthiness
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Trump Ends Tax Exemption for Low-Value Packages from China

President Trump eliminated a tax exemption for low-value packages from China and Hong Kong, starting May 2nd, resulting in increased tariffs and longer shipping times for consumers; this aims to address concerns about unfair trade practices and illicit imports.

Progress

40% Bias Score

Reduced Inequality

Showing 1 to 12 of 19 results