Biden Administration Tightens Tariffs on Chinese Imports, Targets De Minimis Loophole
New measures aim to curb the influx of untaxed goods and protect U.S. manufacturing by closing trade exemptions and increasing tariffs on specific Chinese products.
- The Biden administration has introduced new tariffs on electric vehicles, battery parts, medical gloves, and other goods from China, effective September 27.
- A key focus is on limiting the de minimis rule, which allows packages valued under $800 to enter the U.S. without tariffs, impacting companies like Shein and Temu.
- The administration's review supports maintaining Trump-era tariffs on $300 billion worth of Chinese goods, citing their effectiveness in reducing harmful trade practices.
- The new proposals include requiring more detailed shipment data and electronic Certificates of Compliance to enhance Customs and Border Protection enforcement.
- Industry groups are divided on the changes, with some praising the protection for American manufacturers and others warning of increased costs for consumers.