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Biden administration finalizes tariff hikes on Chinese goods, proposes new changes

Biden administration finalizes tariff hikes on Chinese goods, proposes new changes

The administration is also proposing new actions to stop a surge in tariff-free trade known as the “de minimis” exemption, which allows merchandise valued at less than $800 to enter the country without a fee. It could have a major impact on e-commerce giants Temu and Shein.