US cuts tariffs on small parcels from Chinese firms like Shein and Temu

US cuts tariffs on small parcels from Chinese firms like Shein and Temu 59 minutes ago Share Save Mariko Oi Business reporter, BBC News Share Save Getty Images President Donald Trump has slashed the tariff on small parcels sent from mainland China and Hong Kong to the US, just hours after the world's two biggest economies said they would cut levies on each other's goods for 90 days. The new tariffs on small packages worth up to $800 (£606) have been cut from 120% to 54%, according to a White House statement. The flat fee per item will remain at $100 for shipments sent after 2 May, while a $200 charge due to apply from 1 June has been cancelled. Chinese online retail giants Shein and Temu had previously relied on the so-called "de minimis" exemption to ship low-value items directly to customers in the US without having to pay duties or import taxes. ... Read full article.