China

[Gamecock-YT]

Happy Lunar New Year

[Spekulatius]

21 hours ago, Gamecock-YT said:

Happy Lunar New Year

Flexing quite a bit here:

 

[james22]

 

[crs223]

Who was reporting $6M?  Liars!

[Spekulatius]

While the tariffs slapped on Mexico and Canada makes the most headlines, China also gets an extra 10% but equally impotent the de minimus provision seems to be gone come Tuesday. That means that Shein and Temu are probably finished in the US:

https://www.cnn.com/2025/02/01/politics/mexico-canada-china-tariffs-trump/index.html

 

Quote

The tariffs will have no exemptions, and the executive action Trump signed Saturday will close the so-called de minimis loophole that had allowed shipments of $800 or less to come into the United States tax-free — a key provision used by many American small businesses but also Chinese e-commerce companies such as Shein and Temu. Trump administration officials said the loophole prevented customs officials from properly inspecting those packages.

 

Edited 7 hours ago by Spekulatius