‘De minimis’ exemption: US tariff move ‘will not kill’ Chinese e-commerce, analysts say

Quick Summary:

The US’ elimination of a small-package tax exemption will not kill’ the business models of China’s cross-border e-commerce giants, but will hurt American consumers, analysts say.

Removing the exemption means that goods from Shein, Temu and other Chinese cross-border e-commerce players will now be subject to US duties on Chinese imports – which already stood at more than 20 per cent in some industries and are set to rise by another 10 per cent following Trump’s latest executive order.

US President Donald Trump’s elimination of a long-standing tariff exemption that benefited China’s cross-border e-commerce giants will hurt American consumers – especially those on low incomes – more than the companies themselves, analysts said.

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Article Details

Author / Journalist: Ralph Jennings

Category: Business

Markets: Hong KongChinaUnited States

Topics: Billion Cross-border Minimis Trump’s Exemption E-commerce Chinese China’s Shipments Cent Consumers

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-04 @ 18:30:07 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 261 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 44 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25884730

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