Tariff deal lowers prices for Shein, Temu

(CNN)– With the de-escalation of tariffs on China, you may be wondering will Temu and Shein get ultra cheap again?

The answer is a little bit yes and a little bit no.

The reason those retailers were so cheap to begin with was because they imported goods under the “De Minimis” loophole.

It allowed packages worth less than $800 dollars from China to enter the U.S. duty free.

That loophole was destroyed with the new tariffs, and subject to the same 145% as everything else.

Now, it’s been lowered to 30%.