How did Trump’s tariff closed the gap used by Chinese retailers

Photo of author

By [email protected]


president Donald Trump The new customs tariff includes a ruling that suspends a major commercial vulnerability used by Chinese retailers such as Shein and Temu to expand their arrival at American consumers and have been criticized to allow shipments of fentanel sects to enter the country.

Trump’s executive orders Identification of definitions In China, Canada and Mexico on Tuesday included the language of suspension of the so -called “De Minimis” that allows imports of less than $ 800 to enter the United States without duties and taxes from those three countries. On Monday, Trump stopped the customs tariff for Mexico for one month after Claudia Shinbom, the country’s president, agreed to send 10,000 soldiers to the American border and Mexico.

The base of the minimum administrative burdens reduces low -cost imports. In 2015, the Obama administration raised the waiver threshold from $ 200 to 800 dollars – which led to shipments that claim that the minimum waiver is more than 600 % in the past decade to more than a billion elements in the fiscal year 2023, according to data from the American customs data And border protection (CBP).

Chinese e -commerce giants Shin and Timo have witnessed a rapid growth in the American market through minimal shipments of fast fashion, games and other consumer goods for consumer consumers. A report issued by the Congress Research Service (CRS) indicated that Shein and TEMU included about 17 % of the American opponent market as of November 2023.

Pressure from Shin, Timo accelerate the closure of the retail sale

Shin and Timo

Chinese e -commerce platforms used the shein and TeMu DEMU vulnerability. (Davide Bonaldo/SOPA Images/Lightrockket via Getty Images | Jakub Porzycki/Nurphoto/Fox News)

rise Shin and Timo Contributed to the closure of the US retail stores, according to a report issued by Coresight Research. It was estimated that about 15,000 closures would happen in 2025 after there were 7323 closures in 2024 – the largest number of closures since 2020, when nearly 10,000 stores were stopped.

The reduced audit of the minimum shipments was linked to Fintanel smugglingArtificial opium, which killed nearly 75,000 people in 2023.

An investigation conducted by Reuters correspondents last year found that they were able to use the minimum Importing chemicals for the main sects of at least 3 million fentanel tablets due to trucks abroad, intentionally naming packages as electronics.

Legislators warn of Chinese e -commerce applications to avoid the enforcement of anti -pressure labor laws

President Donald Trump

President Donald Trump’s tariff for China, Canada and Mexico closed the so -called “minimum” of low -cost imports of those countries. (Chip Somodevilla / Getty Images)

“The flow of illegal drugs such as fentanel to the United States through both illegal distribution networks and international mail – due to the latter, to the current administrative exemption from fees and taxes, also known as De Minimis”, Trump was introduced in Canada.

The issues related to the presence of a minimum vulnerability have caught the attention of Congress and the previous departments.

Earlier this month, the outgoing mandate Biden Administration A rule that would have suggested that it eliminate the treatment of goods from China, which is subject to definitions, while also demanding the two trucks to include a 10 -digit tariff to facilitate and rely on customs officials.

Get Fox Business on the Go by clicking here

The lawmakers also raised fears that the vulnerability allowed Chinese companies to charge products using minimal loophole and evading the audit under the UFLPA law. This law aims to prevent the goods that you made The forced work of AuigorAn Islamic minority persecuted by the Chinese Communist Party, from entering the American market.

Reuters contributed to this report.



https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2025/01/0/0/trump-432.jpg?ve=1&tl=1

Source link

Leave a Comment