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flag President Trump imposes a 120% tariff on Chinese goods mailed to the U.S., starting May 2.

flag President Trump has ordered significant increases in tariffs on products mailed from China, revoking the de minimis exemption that allowed tax-free shipments under $800. flag Starting May 2, a 120% tariff or a $100 charge will apply to Chinese goods, making fast fashion more expensive. flag Secondhand retailers like ThredUp hope this will boost sales of used clothing. flag Vietnam plans to crack down on Chinese goods being shipped to the US through its territory to avoid tariffs, as it seeks to negotiate lower duties on its own exports.

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