The US Post Office announced on Tuesday that it will temporarily suspend international parcels from China and Hong Kong.
The move comes after President Donald Trump closed a trade loophole this week, which was used to ship large quantities of low-value packages from China.
The Trump administration levies an additional 10 % tariff on Chinese goods on Tuesday and moved to Close “minimis” vulnerability This allows importers and American shoppers to avoid paying tariffs on set meals worth less than $ 800.
Please refer to: Shein, Temu, Amazon haul When the vulnerability is closed, the price increases
USPS said that this change will not affect the flow of letters from China and Hong Kong. It did not immediately comment on whether this is related to Trump's changes to end DE Minimis from China and other countries.
Fast fashion retailer Shein and online dollar store Temu both sell products from toys to smartphones, growing rapidly in the U.S. in part due to De Minimis waiver.
The U.S. Congressional China Congress Committee said in a June 2023 report that the two companies account for more than 30% of all currency parcels in total, and all packages shipped to the U.S. may account for June 2023 under De Minimis rules. A report.
The report states that nearly half of all parcels transported under De Minimis are from China.
US Customs and Border Protection It is said that in the past ten years, a large number of wraps in the United States have been very large, from 139 million in 2015 to 1.36 billion last year.
Shein and TEMU did not immediately reply to the evaluation request.
USPS Rejig “will spend time”
“We think USPS will take some time to sort out how to fulfill new taxes before allowing Chinese parcels to arrive in the U.S. again,” said Chelsey Tam, senior equity analyst at Morningstar.
“This is a big challenge for them, as there are 4 million De Minimis packages a day in 2024 and it’s hard to check all packages – so it takes time.”
Experts say that Trump's suppression of Minimis will make products such as Shein and Temu more expensive, but it is unlikely to greatly affect the transportation volume.
“The volume of e-commerce from China grew by 20-30% last year, so it will be necessary to crack the level of consumer demand, and I’m not sure De Minimis alone will be enough,” said an official from the Xeneta freight platform.
“They are still cheaper than buying through retailers in the United States. Due to interruption of operations, delays that receive goods may have a greater impact than price.”
Shein has previously stated that it supports the reform specified by De Minimis.
TEMU is a subsidiary of Chinese e -commerce giant PDD Holdings, as well as SHEIN of Singapore Headquarters, which is planned to be listed in London this year, such as purchasing more products from regions outside China, opening a US warehouse, and bringing more American sellers into American seller. The board of directors to alleviate the impact.
But most of their products are still produced in China.
After Trump repeatedly warned Beijing, additional tariffs on Chinese products were not enough to stop flowing Fentney, a dangerous synthetic opioid drugenter the United States.
- Jim Pollard's additional input and editor's Reuters
Please refer to:
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