US to cut 'de minimis' tariff on China shipments to 54% from 120% ...Middle East

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The move comes several hours after Beijing and Washington announced a truce in their trade war, with both sides agreeing to unwind most of the tariffs imposed on each other's goods since early April.

In February, President Donald Trump ended the de minimis exemption by imposing a tax of 120% of the package's value or a planned flat fee of $200 - set to come into effect by June - after it was heavily used by companies such as Shein, Temu and other e-commerce firms as well as traffickers of fentanyl and other illicit goods.

Temu, Shein and Amazon did not immediately respond to requests for comment.

The plan for a $200 flat fee duty rate would also be shelved, it said, keeping it at $100.

Some have derided it as a loophole that allows cheap Chinese products to flood into the United States and undercut American industries, while also serving as cover for smuggling contraband such as illegal drugs and their precursor chemicals.

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