Monday, May 12, 2025

White House partially cuts tariff on cheap goods

Tariff rates on small packages from China will be cut in half, though a flat-fee option will not change, the White House said Monday. Why it matters: Trump previously ended a loophole that allowed low-value goods into the country tariff-free -- the rate reversal will ease price pressures on customers of Chinese retailers like Shein and Temu.

Posted by lamplighter at 10:44 PM | 8 COMMENTS | permalink

Comments

More from the article ...

... Driving the news: The Trump administration announced a temporary trade deal Monday morning that significantly reduced tariffs on Chinese goods to 30% from 145% for the next 90 days.

- - - Later in the morning, a White House official told Axios that the "de minimis" tariff was left out of that deal: a 120% tariff rate on shipments from China valued at less than $800, or a flat $100 fee per postal item.

- - - Then Monday night, the White House released the text of an executive order cutting the tariff rate to 54%, while still maintaining the $100 fee option. ...



#1 | Posted by LampLighter at 2025-05-12 10:46 PM

@#1 ... announced a temporary trade deal Monday morning that significantly reduced tariffs on Chinese goods to 30% from 145% for the next 90 days. ...

OK, if Pres Trump's goal (or one of them) is to bring manufacturing jobs back to America, how does this "deal" foster that goal?


#2 | Posted by LampLighter at 2025-05-12 10:48 PM

Trump is trying to undo the damage he caused when he suggested people buy two dollars.

#3 | Posted by ClownShack at 2025-05-12 10:50 PM

@#2 ... (or one of them) ...

Another of Pres Trump's stated goals regarding tariffs was that the tariffs would raise $2 trillion dollars a year, and that burden on workers would help to offset his tax cut for the wealthy.

So, now that Pres Trump seems to have made a major retreat from his tariff "plans" how might he now justify paying for his tax cut for the wealthy?

Oh wait, cut Medicaid.



#4 | Posted by LampLighter at 2025-05-12 10:51 PM

Hope no one chose to start investing in new factories.

The President just fucked you.

#5 | Posted by Sycophant at 2025-05-12 10:56 PM

@#3 ... Trump is trying to undo the damage he caused when he suggested people buy two [dolls]. ...

Yeah, that was one of his worst moments in the past couple weeks.


A "Let the eat cake" moment.


So sad.


#6 | Posted by LampLighter at 2025-05-12 10:58 PM

@#5 ... Hope no one chose to start investing in new factories. ...

From what I've seen and read, the CEO's seem to be more concerned about the uncertainty they are faced with.

As such, there seems to be no way the are going to commit to a multi-100 million dollar multi-year plan to build a new factory.

In my view, Pres Trump has introduced such a level of uncertainty into the US economy, that CEOs may likely be reluctant to invest in America.

The sad part is that Pres Trump, with his 4D chess, seems to have brought that apparent reluctance upon himself.






#7 | Posted by LampLighter at 2025-05-12 11:05 PM

Trump is trying to undo the damage he caused when he suggested people buy two [dolls].

Thanks for the correction.

Autocorrect got away from me.

#8 | Posted by ClownShack at 2025-05-13 12:52 AM

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