President Donald Trump’s new trade levies against China, Canada and Mexico include a broadside against international e-commerce, with apparent plans to extinguish a long-held tariff exemption for packages worth less than $800.
Trump’s executive orders directing 25 percent levies on Canada and Mexico—plus a 10 percent duty on China—specify that the “de minimis” exemption for small packages no longer applies. Under the exemption, products below that dollar amount are able to enter the US without tariffs—a boon for China’s e-commerce retailers who ship often cheaper wares directly to consumers in the US.
Still, a formal closure is expected to hit a fast-growing market segment. Temu US accounts for a low-teen percentage of PDD’s revenue, Jefferies has estimated. Alibaba Group Holding Ltd. and JD.com Inc. have thriving US businesses. And it raises questions about Shein’s highly anticipated initial public offering, a mega-debut investors expect to take place as soon as this year.
American shoppers and companies imported about $48 billion worth of shipments from the world under that loophole in the first nine months of last year, according to US Customs and Border Protection estimates. A senior administration official who briefed reporters on the new tariffs Saturday sought to justify ending the exemption, saying that the US loses a tremendous amount of tariff revenue and that the loophole for smaller value packages also impedes the ability of US customs officials to catch fentanyl moving into the country. The official did not specify the scope of the change.
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