So far, Americans could easy order Chinese products worth little than $800. This is the past and the peculiar tariffs apply here too.
Since Friday, American consumers gotta deal with further consequences of peculiar duties introduced by US president Donald Trump. At midnight, the exemption for low-value goods originating in China was abolished, i.e. under $800 (less than €704). With this principle, Chinese net vendors, specified as Temu and Shein, began sending their products to the US on a large scale. The United States is presently besides imposing duties on these goods. Trump imposed peculiar duties of 145 percent on most commodities from China.
Shein and Temu importantly rise prices
The Wall Street diary reported that Shein and Temu had already adjusted prices on their websites last week. It was increased by about 40 to 100 percent. A client of Temu, Washington, informed the fresh York Times that an additional import fee was added to its full amount. In addition to the $83.80 she had in the basket, she had to pay an import fee of $92.08.
1.36 billion packages last year
Currently, immense quantities of low-value goods are imported in the US. CNN reported that last year the US received 1.36 billion packages. Over the years, goods with a value of little than $800 could be imported without the request for the recipient to pay the customs work or to submit standard papers required for the acquisition of abroad goods. This gap is called the exception of ‘de minimis’.
