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China Export Crisis - Joe Blogs
In this video I discuss the removal by Donald Trump of the De MinimIs Duty Exemption for low value shipments from China into the USA. Prior to 2nd May all parcels with a value of less than $800 were duty free however those parcels will now have to pay a tariff of $25 or 30%, whichever is the higher amount, and this will increase to $50 on 1st June. This announcement is a disaster for a large number of large Chinese businesses that have successfully use the internet to grow their presence in the US market. In 2024 the value of this tax free trade was over $70 Billion for China and this trade is going to be decimated by this new tariff.
Chapters:
0:00 Intro
1:53 DE MINIMIS THRESHHOLD
3:52 NEW RULES
6:10 VOLUME
8:11 VALUE
9:44 CHINESE SELLERS
13:45 PRICE INCREASES
17:32 USA BUYERS
19:56 SUMMARY & CONCLUSION