πΊπΈ U.S. Reduces Tariffs on Low-Value Chinese Imports
The U.S. government has announced a reduction in the “de minimis” tariff for low-value items imported from China. Effective May 14, the tariff will decrease from 120% to 54% for packages valued up to $800, with a flat fee of $100 remaining in place. This move aims to ease tensions in the ongoing trade dispute between the U.S. and China and provides relief to Chinese eCommerce giants like Shein and Temu, which have been heavily impacted by the previous higher tariffs. The adjustment follows recent talks between Beijing and Washington to unwind many of the duties imposed since early April.
π¦ DHL eCommerce UK to Merge with Evri
DHL eCommerce UK and Evri have announced a strategic transaction to merge their operations, creating the UK’s premier parcel delivery business. The merged entity will deliver over 1 billion parcels and an additional 1 billion business letters annually. This consolidation aims to offer greater choice and cost-competitive solutions to consumers and businesses, enhancing the efficiency and reach of eCommerce logistics in the region. DHL Group
π€ Shopify and Global-e Renew Strategic Partnership
Shopify and Global-e Online Ltd. have signed a new three-year strategic partnership agreement to enhance global eCommerce solutions. The renewed collaboration will empower international direct-to-consumer eCommerce on the Shopify platform, with Global-e remaining the exclusive provider of Merchant of Record services for Shopify’s Managed Markets. The partnership aims to streamline the merchant experience on international eCommerce, making it more accessible and intuitive for merchants worldwide. Quiver Quantitative+1GlobeNewswire+1
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