Article 6X1CE Trump ends tax loophole used by China to sell cheap products to the US

Trump ends tax loophole used by China to sell cheap products to the US

by
editors@theworld.org (Omar Duwaji)
from The World: Latest Stories on (#6X1CE)

President Donald Trump has eliminated a tax loophole used by China's government to export cheap products to the US. It's called the "de minimus provision," and enabled small parcels valued at less than $800 to escape taxes. The loophole was often used by Chinese e-commerce giants Temu and Shein. Host Carolyn Beeler speaks with Rana Mitter, ST Lee Chair in US-Asia Relations at the Harvard Kennedy School, about how China's reacting internally to the current economic clash with the US.

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