U.S. Eases De Minimis Tariffs on Chinese Imports, Paving the Way for Trade Peace

The United States plans to reduce tariffs on low-value Chinese imports, following an agreement with China to ease previous trade restrictions. This move, benefiting companies like Shein and Temu, comes amid the easing of previous trade tensions. The tariff reduction is aimed to promote smoother international trade relations.

The United States will ease the "de minimis" tariffs for low-value imports from China, a move announced through a White House executive order on Monday. This tariff relief aims to de-escalate the ongoing trade tensions between the two largest global economies.

Major Chinese e-commerce firms such as Shein and Temu stand to benefit significantly. According to the executive order, tariffs will drop to 54% from 120% for items valued at up to $800, effective on May 14, 2025. The White House seeks to mitigate past trade policies which had disrupted traditional trade flows.

Economists suggest this policy change grants online retailers, primarily benefiting those shipping from China, a crucial opportunity to adapt. The truce simplifies customs procedures while potentially reshaping global trade dynamics. The development coincides with China lifting its ban on airline deliveries from the U.S., signifying tangible progress in trade dialogues.

(With inputs from agencies.)