US will cut "de minimis" tariffs on China shipments from 120% to 54%
FXStreetMay 13, 2025 5:41 AM
Citing a White House executive order, Reuters reported on Tuesday that the US will cut "de minimis" tariffs on China shipments from 120% to 54%, with a minimum flat fee of $100 to remain.
This comes after Reuters cited a source brief stating that the US-China deal does not include a de minimis exemption for e-commerce shipments.
Meanwhile, China announced that it has removed a ban on Boeing deliveries after the trade truce with the US.
Market reaction
The US Dollar Index fails to find any inspiration from these headlines, losing 0.27% on the day at 101.54, as of writing.
Reviewed byJane Zhang
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