President Donald Trump has imposed new tariffs targeting a longstanding tariff exemption for small packages under $800. This “de minimis” exemption previously allowed goods below that threshold to enter the U.S. duty-free, benefiting Chinese e-commerce platforms like Temu and Shein. The new rules eliminate this advantage, potentially impacting Shein’s upcoming IPO and the business models of major Chinese e-commerce players. PDD Holdings’ Temu has begun shifting to bulk shipments and expanding U.S. warehouses to adapt. E-commerce and small durable goods stocks fell in Asian trading following Trump’s actions.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump has imposed new tariffs targeting a long-standing tariff exemption for
00:06small packages under $800. This de minimis exemption previously allowed goods below
00:12that threshold to enter the U.S. duty-free, benefiting Chinese e-commerce platforms
00:17like Timu and Qin. The new rules eliminates this advantage, potentially impacting Qin's
00:23upcoming IPO and the business models of major Chinese e-commerce players.
00:28PDD holdings Timu has begun shifting to bulk shipments and expanding U.S. warehouses to
00:34adapt. E-commerce and small durable goods stocks fell in Asian trading following Trump's action.
00:40For all things money, visit Benzinga.com slash GSTV.