Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Spencer Pratt Drops new Video After Losing LA Mayoral Election

    June 14, 2026

    My Apple Watch Doesn’t Support watchOS 27, but Here’s Why I’m Not Buying a New One

    June 14, 2026

    17 Books Readers Say Made Them Sob And Healed Their Hearts

    June 14, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Spencer Pratt Drops new Video After Losing LA Mayoral Election
    • My Apple Watch Doesn’t Support watchOS 27, but Here’s Why I’m Not Buying a New One
    • 17 Books Readers Say Made Them Sob And Healed Their Hearts
    • Quantifying YouTube Keyword Opportunities — Whiteboard Friday
    • Founderr.io – Company Profile – AllBusiness.com
    • A new gem in Ayodhya, 162-key
    • AAVE Price Prediction: $80 Target Within 30 Days as Oversold Conditions Signal Reversal
    • Fox World Cup Analyst Calls Trump ‘The Soccer President’
    Facebook X (Twitter)
    SBM Global News
    Demo
    • Home
    • Top Stories
      • Politics
    • Business
      • Small Business
      • Marketing
    • Finance
      • Investment
    • Technology

      Founderr.io – Company Profile – AllBusiness.com

      June 14, 2026
      Read More

      Chinese cybercrime operation that used AI to scam ‘hundreds of thousands of victims’ sued by Google

      June 13, 2026
      Read More

      What AI Agents Actually Do for Customer Service—And How to Pick One

      June 12, 2026
      Read More

      Opendoor’s India exit is fueling a bigger conversation about AI and outsourcing

      June 11, 2026
      Read More

      gTECHserv – Company Profile – AllBusiness.com

      June 11, 2026
      Read More
    • Lifestyle
      • Travel
    • Feel Good
    • Get In Touch
    SBM Global News
    Demo
    Home»Business»What to Know About Trump’s Latest Changes to Taxes on Small Packages From China
    Business

    What to Know About Trump’s Latest Changes to Taxes on Small Packages From China

    By Staff WriterMay 14, 20253 Mins Read
    Facebook Twitter LinkedIn Reddit Email
    #image_title
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Earlier this month, President Trump closed a longstanding loophole that had allowed a flood of inexpensive Chinese goods to be mailed to the United States without any tariffs.

    Starting on May 2, those packages faced a tariff of 120 percent or a $100 flat fee.

    After the United States and China agreed this week to a temporary truce in trade tensions, that tariff is now 54 percent. The changes, which took effect on Wednesday, were described in a White House executive order and guidance from Customs and Border Protection.

    For the past decade, a tax loophole known as the de minimis exemption allowed goods worth up to $800 to enter the United States without import duties. The result was millions of packages shipped from China to the United States, as American shoppers got hooked on buying everything from flash drives to water bottles at low prices.

    Chinese companies like Shein and Temu built their businesses around the loophole, sending goods made in Chinese factories directly to American shoppers. At the same time, China pushed its manufacturers to find buyers overseas.

    Last year, nearly four million packages a day entered the United States with no customs inspection and no duties paid, angering American businesses that said the loophole made it difficult for them to compete.

    Mr. Trump said the loophole had created a pathway for the chemicals involved in making fentanyl to come into the United States from China because of limited checks on these packages.

    Under the rules for de minimis shipments, carriers of international mail packages can pay either the 54 percent tariff or the fee of $100 per package. In practice, that means a $10 pair of cargo pants on Shein would be taxed $5.40 if the carrier chose the tariff, but for a package with 25 pairs of cargo pants, it would be cheaper to pay the flat fee. One caveat: Carriers must use the option they choose — either the tariff or the fee — on all packages they ship, and can elect to change only once a month.

    In 2023, the average value of a de minimis package was $54, according to the congressional testimony of a U.S. customs official.

    It is likely that much of the extra cost resulting from the new tariffs will fall on shoppers. The tariffs on these shipments are also disrupting the economics of global trade.

    In Guangzhou, the center of China’s garment industry, factory owners and managers said customers were placing fewer orders because of the higher prices.

    Many said the drop in orders and the overall uncertainty generated by trade tensions risked making their businesses unsustainable. Some had closed their doors or hired fewer workers. Others packed up their operations for other provinces or other countries, like Vietnam, in the hope of paying lower wages and lower export duties.

    The trade war poses a particular challenge for China, where economic growth has been largely driven by exports in recent years. New orders for export from China dropped in April to their lowest level since the end of 2022, according to official data.

    On Monday, the United States and China said they would reduce their respective tariffs for 90 days with they continue negotiations, ending a standoff that had brought to a halt much of the trade between the world’s two largest economies.

    Demo

    View original article here

    Share. Facebook Twitter LinkedIn Email Reddit
    Previous ArticleWhat are the next steps for the US stablecoin bill?
    Next Article 7 Best Japanese Snacks Not Sold In The US

    Related Posts

    SpaceX IPO Set To Be Biggest Ever And Could Make Elon Musk A Trillionaire

    June 5, 2026
    Read More

    Scott Pelley Accuses CBS News Boss of ‘Murdering’ ‘60 Minutes’

    June 2, 2026
    Read More

    What Is Airbnb For, Exactly?

    June 1, 2026
    Read More
    Add A Comment

    Leave A Reply Cancel Reply

    Demo
    Top Posts

    Former FBI, CIA Head Has ‘Serious Concerns’ With Trump Cabinet Picks

    December 28, 2024435

    Emirates to operate next-gen A350 on the third daily service to Cape Town

    January 14, 2026256

    AAVE Price Prediction: Target $215-225 by Mid-January 2025 as Technical Indicators Signal Bullish Momentum

    December 15, 2025240

    Ventive Hospitality Joins Green Fins: Strong ESG Lift

    February 17, 2026211
    Don't Miss
    Politics

    Spencer Pratt Drops new Video After Losing LA Mayoral Election

    By Staff WriterJune 14, 20262 Mins Read

    Trump-backed Los Angeles mayoral candidate Spencer Pratt followed up his election loss by posting a…

    Read More

    My Apple Watch Doesn’t Support watchOS 27, but Here’s Why I’m Not Buying a New One

    June 14, 2026

    17 Books Readers Say Made Them Sob And Healed Their Hearts

    June 14, 2026

    Quantifying YouTube Keyword Opportunities — Whiteboard Friday

    June 14, 2026
    Stay In Touch
    • Facebook
    • Twitter
    Demo
    About Us

    Small Business Minder brings together business and related news from around the world in one place. Follow us for all the business news you'll need.

    Facebook X (Twitter)
    Our Picks

    Spencer Pratt Drops new Video After Losing LA Mayoral Election

    June 14, 2026

    My Apple Watch Doesn’t Support watchOS 27, but Here’s Why I’m Not Buying a New One

    June 14, 2026
    Most Popular

    Former FBI, CIA Head Has ‘Serious Concerns’ With Trump Cabinet Picks

    December 28, 2024435

    Emirates to operate next-gen A350 on the third daily service to Cape Town

    January 14, 2026256
    © 2026 Small Business Minder
    • Home
    • Get In Touch

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. To get the most from our site, please disable your Ad Blocker.