- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
The tariff relief, which affects big Chinese e-commerce players including Shein and Temu, follows a deal between Beijing and Washington to unwind most of the duties imposed on each other’s goods since early April, after weekend talks in Geneva.
Big brother has lowered tariffs from 0% to 54%! How kind!
The real fucking kicker is its 30% for the companies, consumers pay 54%. So Shein and Temu can fill their US warehouses, raise prices and pocket the tariff differential.