Tidbits, Q&A: Selling to Neighbors, Tariffs, FOB 5/5/25
- Wright team
- May 5
- 5 min read
Highlights
The U.S. eliminated the exemption of tariffs on goods under $800 shipped directly to consumers. Such goods, mostly from China, face a 120% tariff or a $100 flat fee per postal item, rising to $200 on June 1. This targets e-commerce giants like Shein and Temu.
The U.S. approached China for trade talks, but China insists on canceling 145% tariffs on its goods first, calling Trump’s strategy “extortion.” China retaliated with 125% tariffs on U.S. goods.
Fentanyl Leverage: China’s cooperation on fentanyl precursor exports is a bargaining chip, as Trump cited this for earlier 10% tariff hikes in February.
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