The White House has announced a new tariff structure for imports from China, effective May 14th, with packages under $800 subject to a reduction in tariffs to 54 percent from 120 percent or a flat fee of $100 per parcel. This change aims to address the previous 'de minimis' exemption that allowed low-value items to evade taxes. While the rates are lower, they still pose challenges for companies like Temu and Shein that previously thrived under more lenient tax rules, as they are forced to raise prices due to tariffs.
From May 14th, packages from Hong Kong and China valued below $800 will be subject to either a 54 percent tariff - down from 120 percent - or a flat $100 per-parcel fee.
Export companies retain the ability to decide whether they want their goods to be taxed at a flat rate or by percentage, with plans to double the flat rate scrapped.
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