White House, China and Trump
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There are different rules for packages handled by commercial delivery firms like United Parcel Service, FedEx and DHL – which handle the majority of Temu and Shein packages.
The White House isn't budging on a 10% baseline tariff on most imports. One administration official argued that consumers will not foot the bill for tariffs.
Follow for live updates as Trump continues his Middle East trip in Saudi Arabia and Health and Human Services Secretary Robert F. Kennedy Jr. testifies on Capitol Hill.
Federal Reserve Vice Chair Philip Jefferson said Wednesday that if the tariffs already unveiled by President Trump are sustained it will cause "at least" a temporary increase in inflation.
It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as maybe thought.”
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.
Despite the White House's statements, Ford's top executive recently said he could not promise consumers wouldn't pay more.
Donald Trump’s Truth Social announcement that he planned to impose 100% tariffs on films shot outside the United States surprised the entertainment industry and even members of his administration. Since then,