New levies: An employee at a production and packaging facility in Taicang. The impact of Trump’s tariffs and the de minimis exemption change threatens to fall most on China’s eCommerce sector, affecting firms like Alibaba, JD.com Inc, Shein and Temu. — Bloomberg
SHANGHAI: President Donald Trump’s new trade levies against China, Canada and Mexico include a broadside against eCommerce, with apparent plans to extinguish a long-held tariff exemption for packages worth less than US$800.
Trump’s executive orders directing 25% levies on Canada and Mexico – plus a 10% duty on China – specify that the “de minimis” exemption for small packages no longer applies.
