US cuts de minimis tariffs on Chinese small shipments

The US has reduced de minimis tariffs on Chinese D2C shipments to 30%, down from 145%, under a 90-day tariff truce. The move offers relief to e-commerce players like Shein and Temu, though many goods remain subject to higher duties from earlier trade actions. It follows the February end of de minimis exemptions, citing concerns over surging Chinese shipments and illicit goods like fentanyl.