New tariffs on low-value packages from China could hinder the plans of Shein and Temu. As the Financial Times (FT) reported Wednesday (April 9), the White House has upped duties on those packages to 90% of their value, or a flat fee of $75 that would increase to $150. The duty goes into effect May 2, with the flat-fee hike happening after June 1. The shift follows President Donald Trump’s closing of a loophole that allowed Chinese imports under the “de minimis” threshold of $800 to arrive duty-free

The Trump tariffs are continuing to roil the business world, plunging the U.S. stock market dangerously close to bear territory. External forces like trade policies mean companies have limited leeway on how to protect themselves. “Tariffs, like any crisis, are extremely dynamic — and the latest round that imposed tariffs on all U.S. importers is a perfect example,” Leagh Turner, CEO of Coupa Software, told PYMNTS. “They impact businesses in different ways depending on their country, product type and trade relationships