Trump Raises Tariffs to 90% on Chinese Imports, Targets Shein, Temu

President Donald Trump has announced a significant escalation in tariffs on Chinese goods, specifically targeting low-cost imports from online retailers such as Shein and Temu. Starting May 2, shipments valued under $800 will face a 90% tariff or a flat fee of $75, which is set to increase to $150 in June. This move aims to close the 'de minimis' loophole that allowed these retailers to import goods duty-free, which has doubled the number of packages utilizing this exemption since 2022. Experts warn that these heightened tariffs could disproportionately affect low-income consumers, disrupt supply chains, and reduce competition in the market. The policy reflects a hardline stance against China's trade practices, following retaliatory tariffs imposed by China on U.S. products. The implications for consumers include potential price increases and slower shipping times for goods from these online platforms.