Major Shift: U.S. Cuts Tariffs on Low-Value Parcels from China After Truce
The U.S. government has announced a significant reduction in tariffs on low-value parcels from China, dropping rates from 120% to 54%. This decision comes just hours after a 90-day trade truce was reached between Washington and Beijing. The reduction could have far-reaching effects on e-commerce and trade flows as businesses adjust to new tariff structures. Stakeholders should prepare for changes in pricing and availability of goods from China, impacting consumer choices and market dynamics.