U.S. government sounds alarm on Chinese EC platforms - Strengthening regulations on Temu and SHEIN.
September 15, 2024 (excerpt)
On September 15, 2024, the Biden administration in the USA announced a new import restriction targeting the Chinese e-commerce platforms Temu and SHEIN. This move stems from concerns about the rapid growth of Chinese e-commerce platforms impacting the U.S. market.
The core of the new regulation proposal is a significant reduction in the scope of the "de minimis" duty exemption used by Chinese e-commerce platforms. De minimis exemption is a system that exempts tariffs on imports below $800, but the Biden administration believes that this system is being "abused."
Specifically, for products subject to Section 301 applied to imports from China, Section 232 applied to iron & steel and aluminum products, and Section 201 applied to washing machines and solar panels, the application of de minimis duty exemption is excluded. As a result, the relevant products are subject to tariffs and strict inspections by the U.S. Customs and Border Protection (CBP).
Specifically, for products subject to Section 301 applied to imports from China, Section 232 applied to iron & steel and aluminum products, and Section 201 applied to washing machines and solar panels, the application of de minimis duty exemption is excluded. As a result, the relevant products are subject to tariffs and strict inspections by the U.S. Customs and Border Protection (CBP).
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