US EditionDespite China trade deal, Trump maintains 120% tariff on cheap goods
- The Trump administration cut tariffs on de minimis packages from China from 120% to 54%, effective after midnight Wednesday by executive order issued Monday.
- This change follows ongoing trade tensions and a recent rollback of tariffs by China on U.S. Goods to 10% for 90 days, while U.S. Tariffs on most Chinese products dropped to 30%.
- The tariff rates for shipments from commercial carriers dropped from 145% to 30%, but the higher tariff on low-value goods persists, affecting mainly inexpensive household items frequently sent to poorer U.S. Zip codes.
- Nearly half of de minimis shipments are delivered to the poorest U.S. Neighborhoods, based on research conducted by economists at UCLA and Yale earlier this year, and Clark Packard noted that the impact will be felt more severely by individuals facing greater financial hardships than by the average American.
- The tariff reduction is intended to target the smuggling of illegal drugs such as fentanyl through these shipments, but it also means that affordable Chinese products will remain more expensive, placing a financial burden on lower-income consumers who depend on them.
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