E-Commerce

[behappyalways]

This ‘Loophole’ Lets $54B of Products Into the U.S. Tariff-Free | WSJ Center Point
https://m.youtube.com/watch?v=87vkVBTepVM

[winston]

Trump signs order delaying tariffs on de minimis imports from China

Pause on duties for low-cost packages in place while US Commerce Department confirms procedures for collecting tariff revenues

US President Donald Trump signed an executive order on Friday delaying tariffs on lower-value packages from China that enjoy the exemptions until the US Commerce Department can confirm that procedures and systems are in place to process packages and collect tariff revenue.

The “de minimis” exemption that allowed packages worth less than US$800 to enter the United States duty-free was removed as part of an executive order signed by Trump on February 1, which raised tariffs on Chinese imports by 10 per cent across the board.

The tax loophole played a big role in driving the growth of China’s cross-border e-commerce industry, as vendors sending small shipments directly to US consumers were able to avoid US import duties and customs checks.

Source: SCMP

https://www.scmp.com/news/china/diploma ... e=homepage

[behappyalways]

Goodbye small tax exemption! China’s low-price e-commerce faces headwinds, U.S. Postal Service’s U-turn sparks controversy

小額免稅掰掰! 陸低價電商遇逆風 美郵政大轉彎惹議｜方念華｜FOCUS全球新聞20250207 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=N_d-M4Lg7fs

[behappyalways]

Honestly, it's a bit surprising how close the U.S. is given the seeming explosion of Temu-style junk coming out of China.
https://x.com/leadlagreport/status/1889389161162985563

[behappyalways]

Away from the tariff war, Trump repairs China’s cross-border e-commerce, and sales of the two leading companies in the United States plummet

關稅戰外 川普修理中跨境電商 兩龍頭在美銷售額大跌【#tvbs文茜的世界周報】 20250215 #川普 #關稅 #電商

https://m.youtube.com/watch?v=_somG_0V_VM

[behappyalways]

Chinese woman holds live streams on 100 phones to promote shop
https://m.youtube.com/watch?v=RvxvBKiPaW0

[behappyalways]

Selling clothes live on Tik Tok in rural areas of China.
https://x.com/Rainmaker1973/status/1903675575228891373

[winston]

Trump signs order ending duty-free treatment for cheap shipments from China

The number of shipments entering the US through the duty-free route has exploded in recent years, reaching nearly 1.4 billion packages last year

Imported goods sent through the postal network and valued at or under US$800 would now be subject to a duty rate of either 30 per cent of their value or US$25 per item, with that rate increasing to US$50 per item after Jun 1.

More than 90 per cent of all packages coming into the US now enter via de minimis, and of those, about 60 per cent come from China, led by direct-to-consumer retailers such as Temu and Shein.

Temu is owned by PDD Holdings, while Shein is aiming to list in London this year.

With changes to the US de minimis threshold anticipated, Temu has rapidly expanded its semi-managed model, an Amazon-like strategy that sees goods shipped in bulk to overseas warehouses instead of directly to customers.

Source: Business Times

https://www.businesstimes.com.sg/intern ... ents-china

[winston]

Trump's move to kill duty-free shipping from China will cost Canadian companies

President eliminating 'de minimis' exemption for goods originating from China and Hong Kong starting on May 2

by Yvonne Lau

Approximately four million low-value shipments enter the U.S. daily.

In 2024, around 1.36 billion shipments entered the U.S. under the de minimis rule — an increase of 114 per cent in four years.

Canada is the third-largest source of de minimis goods into the U.S., accounting for around $5 billion worth of low-value imports in 2021.

Will be forced to pivot and ship in bulk to the U.S., raising costs for the companies and consumers.

Companies will now need to pay a 16 per cent tariff on low-value items that previously qualified for de minimis; a baseline 10 per cent tariff on all imports to the U.S.; a 7.5 per cent additional tariff on products from China; as well as the 34 per cent tariff on China-origin goods .

Globally, international air cargo airlines will be forced to redeploy their global air fleets to other markets. He predicts that the industry will take a US$3 billion-plus hit over three years in “lost revenue for airlines and forwarders due to this evolving shift.”

Around 4.6 billion low-value shipments entered the EU market in 2024, a threefold increase over two years.

Source: Financial Post

https://financialpost.com/technology/do ... e-shipping

[behappyalways]

How TikTok Shop Became The Fastest Growing Social Media Shopping Platform
https://m.youtube.com/watch?v=XLFhfwVOPaI