In a significant escalation of trade tensions, the United States has confirmed the implementation of a 104% tariff on Chinese imports, effective 12:01 a.m. ET on Wednesday. This move follows China’s refusal to withdraw its 34% retaliatory tariffs on American goods by President Trump’s Monday deadline. The White House emphasized that this action aims to address longstanding trade imbalances and unfair practices by China. White … Read More
Biden Cracks Down on Unsafe De Minimis Shipments
In a significant move to protect American consumers, workers, and businesses, the Biden-Harris administration has announced new measures to crack down on de minimis shipments—low-value imports that often bypass traditional scrutiny. These shipments, typically valued under $800, have been increasingly exploited to flood the U.S. market with unsafe or unfairly traded goods. The new actions focus on enhancing oversight and enforcing stricter trade practices to … Read More