Published on: 2025-07-15 04:38:42
The deal announced today "did not address what would happen to low-value 'de minimis' ecommerce packages shipped from China to the US," Reuters wrote. The US imposed 120 percent tariffs on those packages. Treasury Secretary Scott Bessent said today that both governments want to avoid a severing of their economies but that the US still plans to impose tariffs on specific items that the White House wants to be produced in the US. Bessent said that "neither side wants a generalized decoupling. The
Keywords: countries deal generalized percent tariffs
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