White House, China and Trump
Digest more
There are different rules for packages handled by commercial delivery firms like United Parcel Service, FedEx and DHL – which handle the majority of Temu and Shein packages.
The White House isn't budging on a 10% baseline tariff on most imports. One administration official argued that consumers will not foot the bill for tariffs.
Federal Reserve Vice Chair Philip Jefferson said Wednesday that if the tariffs already unveiled by President Trump are sustained it will cause "at least" a temporary increase in inflation.
Tariff rates on small packages from China will be cut in half, though a flat-fee option will not change, the White House said Monday. Why it matters: Trump previously ended a loophole that allowed low-value goods into the country tariff-free — the rate reversal will ease price pressures on customers of Chinese retailers like Shein and Temu.
It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as maybe thought.”
Despite the White House's statements, Ford's top executive recently said he could not promise consumers wouldn't pay more.
European Commission President Ursula von der Leyen said on Friday she would only go to the White House for "a solution" on trade tariffs, reacting to a question related to President Donald Trump having called her Thursday a "fantastic person".
President Donald Trump and his top aides have settled on a decidedly non-Trumpian message for American businesses and consumers panicked by his trade war: Be patient. Ahead of the next stage of ...
The shift in spending comes as Temu and Shein face a hefty tariff from the US, forcing them to hike prices and halt shipments of Chinese goods.