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US' end of de minimis exemption for China to harm businesses, consumers' interests

China

China

China

US' end of de minimis exemption for China to harm businesses, consumers' interests

2025-05-08 17:10 Last Updated At:18:07

China is firmly opposed to the United States' cancellation of duty-free access for low-value shipments from China, as the move will harm the interests of businesses and consumers in both countries, said He Yadong, a spokesman for the Ministry of Commerce at a press conference in Beijing on Thursday.

The White House ended U.S. duty-free access for low-value shipments worth 800 U.S dollars or less from China on Friday, removing the de minimis exemptions availed of by Shein, Temu and other e-commerce firms.

He noted that cross-border e-commerce meets the personalized needs of consumers in various countries, with unique advantages of high efficiency, fast delivery and low costs. "The U.S. has recently ended duty-free treatment for low-value packages from China, which will harm the interests of enterprises and consumers in both countries, and we firmly oppose it. I'd like to emphasize that ending the de minimis exemptions will not change the rapid development momentum of cross-border e-commerce. We're willing to strengthen cooperation with all countries and jointly create a fair and predictable policy environment to promote healthy and sustainable development of cross-border e-commerce," he said.

US' end of de minimis exemption for China to harm businesses, consumers' interests

US' end of de minimis exemption for China to harm businesses, consumers' interests

Oil prices dived on Tuesday amid renewed hopes that peace talks between the U.S. and Iran may resume and release supply from the key Middle East producing region via the Strait of Hormuz, a crucial artery for the global energy market.

The West Texas Intermediate for May delivery lost 7.80 U.S. dollars, or 7.87 percent, to settle at 91.28 dollars a barrel on the New York Mercantile Exchange.

Brent crude for June delivery dropped 4.57 dollars, or 4.6 percent, to settle at 94.79 dollars a barrel on the London ICE Futures Exchange.

U.S. President Donald Trump said Tuesday that talks with Iran could resume in Pakistan within the next two days, according to media reports after the collapse of weekend negotiations prompted Washington to impose a blockade on maritime traffic entering and exiting Iranian ports.

Crude futures settle lower on expectations for US-Iran talks

Crude futures settle lower on expectations for US-Iran talks

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