Saturday, February 8, 2025

What's Happening with Shein, Temu, Chinese Tariffs, USPS and End of $800 Duty Tax Exemptions by Mary Cummins


February 1, 2025 Donald Trump imposed 10% tariffs on China. February 3, 2025 Trump ended the use of USPS to ship products from China, Hong Kong to the US. February 4, 2025 Trump eliminated the $800 de minimis limit for duty taxes from China. Days later Trump reversed everything except the new 10% China tariff. What does this mean for US SHEIN and Temu shoppers? Things are basically back to the way they were for now.

February 5, 2025 USPS agreed to continue to accept packages from China and Hong Kong after a major disruption of trade and packages piling up at ports of entry. https://www.cbsnews.com/news/usps-suspends-packages-china-hong-kong/

February 7, 2025 Trump restored the $800 de minimis limit after airports and customs ended up getting stuck with tons of packages because they couldn't calculate and process the taxes. https://www.forbes.com/sites/saradorn/2025/02/07/trump-reinstates-de-minimis-tariff-exemption-for-shipments-under-800-boosting-shein-and-temu/

Trump stated that the US will now merely investigate getting rid of the $800 de minimis limit and USPS issues. If the US gets rid of the de minimis limit, US consumers will have to pay import duty taxes on what they buy. The rate varies depending upon what is purchased. I saw people online complaining that they were paying about 15% tax and a processing fee from the agent who computes the tax. Shipments were also taking much longer because of the new agent and time to compute and process the tax payments. The computations are difficult as the rates vary depending upon product, materials and purchase price. 




Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.


Mary Cummins, Mary K. Cummins, Mary Katherine Cummins, Mary, Cummins, #marycummins #animaladvocates #losangeles #california #wildlife #wildliferehabilitation #wildliferehabilitator #realestate #realestateappraiser #realestateappraisal #lawsuit real estate, appraiser, appraisal, instructor, teacher, Los Angeles, Santa Monica, Beverly Hills, Pasadena, Brentwood, Bel Air, California, licensed, permitted, certified, single family, condo, condominium, pud, hud, fannie mae, freddie mac, fha, uspap, certified, residential, certified resident, apartment building, multi-family, commercial, industrial, expert witness, civil, criminal, orea, dre, brea insurance, bonded, experienced, bilingual, spanish, english, form, 1004, 2055, 1073, land, raw, acreage, vacant, insurance, cost, income approach, market analysis, comparative, theory, appraisal theory, cost approach, sales, matched pairs, plot, plat, map, diagram, photo, photographs, photography, rear, front, street, subject, comparable, sold, listed, active, pending, expired, cancelled, listing, mls, multiple listing service, claw, themls, historical appraisal, facebook, linkedin

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