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US Ends Tariff Exemption On Small China Shipments

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The United States on Friday ended a tariff exemption for goods shipped from China worth less than $800, dealing a major blow to popular e-commerce sites such as Shein and Temu, whose cheap items consumers have come to rely on.

The decision was announced last month, with the White House calling it a “critical step in countering the ongoing health emergency posed by the illicit flow of synthetic opioids” from China to the United States.

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Starting on Friday, goods shipped commercially will now be subject to new tariffs of 145 per cent — the current level of levies imposed on goods coming from China.

Items sent through the US Postal Service will be hit with duties of 120 per cent of their value, or a $100, which will increase to $200 next month.

READ ALSO: U.S, China Tariff War Could Slash Trade By 80%, Okonjo-Iweala Warns

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The elimination of the ‘de minimis’ exemption now subjects even low-value imports to tariffs,” EY chief economist Gregory Daco wrote in a recent note to clients, adding it would squeeze “already-thin margins and driving up end prices.”

The measures mark the latest salvo in a burgeoning trade war between the United States and China — the world’s two largest economies.

The White House has also slapped additional levies of 25 per cent on several sectors, including automobiles, steel and aluminum from China.

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Beijing retaliated with sweeping 125 percent levies on US imports.

Most other US trading partners face a baseline tariff of 10 per cent, except for Mexico and Canada which face a higher 25 percent tariff on goods not covered by a current North America free-trade deal.

The move threatens to hammer the business model of several large firms that ship cheap goods from China — including fast-fashion titans Shein and Temu.

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READ ALSO: China Retaliates In Trade War, Imposes Tariffs On US Energy, Autos

However, Chinese e-commerce sites listed on the New York Stock Exchange were largely in the green on Friday, most likely reflecting optimism about trade negotiations between Beijing and Washington, and the fact that many of these changes were already priced into the financial markets.

At around 14:40 GMT, PDD, owner of Temu, was up 3.7 per cent, while Alibaba was up around 4.0 per cent.

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The Financial Times reported earlier this week that Shein was postponing a long-standing plan to list on public stock markets in London due to the looming de minimis changes.

Trump first floated cancelling the exemption in February before backtracking after the move caused logistical disruptions.

At the time, Beijing accused the United States of “politicising trade and economic issues and using them as tools.”

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Fake Labubu Dolls Worth Millions Seized In London Raid Amid Growing Safety Fears

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Thousands of fake Labubu dolls believed to be worth millions of pounds have been seized at an industrial estate on the outskirts of London following a major crackdown led by Trading Standards and law enforcement agencies.

The operation, which followed weeks of investigation, traced the fake merchandise from a corner shop in Swansea, south Wales, to a warehouse complex in London.

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Officers discovered rooms stacked floor-to-ceiling with fake goods, but it was the imitation Labubu dolls at the centre of a viral TikTok craze that drew the most concern.

The dolls, produced by popular toy company Pop Mart, have surged in global demand, with some genuine pieces retailing for up to £80. The popularity of the brand helped the company double its revenue to £1.33 billion last year, according to Forbes. However, authorities say the boom has also attracted criminal enterprises looking to profit from the trend through counterfeit production.

READ ALSO:‘This Is Why I Hate London’, Ivan Toney Fumes After His Car Is Broken Into

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“The head comes off. The feet pull off. The eyes aren’t glued in,” said Rhys Harries, a Trading Standards officer, while examining one of the seized dolls. “These are clear choking hazards.”

Using a plastic tool modelled after a child’s throat, Harries demonstrated how easily parts of the fake dolls could become life-threatening. “These parts would get stuck and potentially cause choking,” he warned.

The scale of the operation was alarming. Border Force officials say they have intercepted hundreds of thousands of fake Labubu dolls at UK ports in recent months, with many traced back to manufacturers in China, Hong Kong, and Turkey.

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In one case, a mother from Caerphilly, Jade, recounted how fake Labubu dolls she bought for her six-year-old son Harri’s birthday began falling apart within hours. “The hook came off and ended up in his mouth,” she said. “Luckily he was old enough to spit it out and tell me.”

READ ALSO:Bank CEO Beaten To Death In London

Despite knowing the dolls were fakes, Jade said she bought them due to the high cost of the original ones and peer pressure from other children. She got the knock-offs for just over £10 each.

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Authorities say the rush to cash in on the craze has led to the use of substandard and potentially dangerous materials, including toxic plastics. Kate Caffery, deputy director of intelligence and law enforcement at the UK’s Intellectual Property Office, said counterfeiting is the second most lucrative source of criminal income worldwide, after drug trafficking.

“There’s a complete disregard for safety,” Caffery said. “They’re made from anything from the inferior to the outright dangerous.”

READ ALSO:Nigeria’s Uche Nnaji’s Car Burgled At London Carpark, Rolex, Foreign Currency, Others Carted Away

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TikTok collector and plush toy enthusiast Meg Goldberger, 27, said she struggled to find genuine dolls due to scalpers bulk-buying authentic stock and reselling them at inflated prices. “They sell out in seconds,” she said. “Some resellers are using bots to buy hundreds at once.”

Investigators found invoice books showing the dolls were destined for locations across the UK. Some of the seized dolls will be used as evidence, while the rest will be stored in a secure location before being recycled or destroyed.

Pop Mart has been contacted for comment on the counterfeit issue, which authorities say is now a national concern.

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Young Catholics Converge On Rome For Pope Leo’s Vigil

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Thousands of young Catholics began assembling Saturday for an evening prayer vigil led by Pope Leo XIV, the culmination of a week-long pilgrimage and a key event in the Jubilee holy year that is expected to draw up to a million people.

The “Jubilee of Youth” — when the Vatican invites Catholics aged 18 to 35 to the seat of the global Church’s power — has seen young pilgrims from around the world flood Rome, waving flags, singing or praying in groups.

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It comes nearly three months after Leo, 69, the first American pontiff, began his papacy, and 25 years after the last such massive youth gathering in Rome under Poland’s Pope John Paul II.

On Saturday morning, thousands of young pilgrims had already gathered at the vast open space in Rome’s eastern Tor Vergata neighbourhood where the pope will lead the vigil, the ground already dotted with blankets and mattresses.

READ ALSO:Full List: 57 Lawyers Nominated For SAN Status

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Elsewhere in the Eternal City, numerous groups of young people were seen preparing to set off for the venue.

On the plaza outside the Basilica of St John Lateran, they filled water bottles, applied suncream and checked bags of food and snacks — ready to spend the next 24 hours surrounded by a swarm of people and then sleep under the stars.

Victoria Perez, who carried a Spanish flag, could not contain her excitement at seeing “the Pope up close.

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It’s the first time I’m going to see him, and I can’t wait,” the 21-year-old told AFP, excited to experience the “night of prayers under the stars”.

French pilgrim, Quentin Remaury, 26, said he had been inspired by the late Pope Francis’s rousing message to youth during a 2016 visit to Krakow, Poland.

READ ALSO:Gunmen Invade Catholic Seminary School In Edo, Kill One, Abduct Three

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Pope Francis told us to ‘get off your couches,’ and that really gave me a boost,” he said.

– ‘What is his message?’ –

Since the youth jubilee began on Monday, attendees have participated in various Church-planned events throughout the city.

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On Friday, approximately 1,000 priests were on hand to take confession at Circus Maximus, one of Rome’s top tourist spots.

Some 200 white gazebos lined the hippodrome where chariot races were once held, and youths lined up to speak to priests in 10 different languages.

Of the many languages heard on the streets of the Italian capital this week, Spanish seemed to dominate. The Vatican has said that more than 146 countries were represented, and it expects up to a million people to attend the vigil.

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READ ALSO:Okuama-Ewu identifies 11 persons Killed By Military, 413 Houses Destroyed

The pilgrimage is taking place as economic uncertainty and anxiety over climate change rise among the under-30s, with many saying they were curious to hear the Church’s position on global warming, wars and economic inequalities.

Samarei Semos, 29, said she had travelled three days from her native Belize to get to Rome.

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“We are still trying to understand his leadership,” she said of the new pope, adding she hoped he would have a strong say about “third world countries”.

As Parisian student Alice Berry exclaimed, “What does he have to say to us? What is his message for young people?”

– Raising voices –

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The youth pilgrimage also comes amid global alarm over the humanitarian situation in Gaza, and more than three years of war in Ukraine.

READ ALSO:Pope Leo XIV Outlines A Path For A Modern Church That Follows Francis’ Steps

The Vatican has praised young Catholics who managed to travel to Rome from war-scarred countries, with Pope Leo saying the voices of the world’s youth “will be heard to the end of the earth”.

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In an unprecedented move, Leo hosted a mass on Tuesday for Catholic social media influencers, signalling the Vatican’s openness to supporting the Internet-savvy youth.

More than 4,300 volunteers will be working the event to welcome the young pilgrims, along with over 1,000 police, according to organisers.

Roman authorities have tightened security in the city — which has seen an unprecedented number of people, with both tourists and pilgrims inundating the city.

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Ukrainian Drone Strikes Kill Three In Russia

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Ukrainian drone strikes killed three people and wounded two others overnight in western Russia, regional governors said on Saturday.

One woman was killed and two other people were wounded in an attack on an enterprise in Penza, the region’s governor, Oleg Melnichenko, wrote on Telegram.

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An elderly man was killed inside a house that caught fire due to falling drone debris in the Samara region, Governor Vyacheslav Fedorishchev posted on Telegram.

In the Rostov region, a guard at an industrial facility was killed after a drone attack and a fire in one of the site’s buildings, acting Rostov governor Yuri Sliusar said.

READ ALSO:CAF Awards 2024 Final Nominees Revealed [Full list]

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The military repelled a massive air attack during the night,” destroying drones over seven districts, Sliusar posted on Telegram.

Russia’s defence ministry said its air defence systems had destroyed 112 Ukrainian drones over Russian territory — 34 over the Rostov region — in a nearly nine-hour period, from Friday night to Saturday morning.

In Ukraine’s central-eastern Dnipropetrovsk region, overnight Russian drone attacks left three people wounded, governor Sergiy Lysak wrote on Telegram.

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Several buildings, homes and cars were damaged, he said.

READ ALSO:Tension In Edo Over List Of Commissioner-nominees

Russian forces have claimed advances in Dnipropetrovsk, recently announcing the capture of two villages there, part of Moscow’s accelerated capture of territory in July, according to AFP’s analysis of data from the US-based Institute for the Study of War.

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Kyiv denies any Russian presence in the Dnipropetrovsk area.

Russian President Vladimir Putin, who has consistently rejected calls for a ceasefire in the more than three-year conflict, said Friday that he wanted peace but that his demands for ending Moscow’s military offensive were “unchanged”.

Those demands include that Ukraine abandon territory and end ambitions to join NATO.

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Ukrainian President Volodymyr Zelensky, meanwhile, said only Putin could end the war and renewed his call for a meeting between the two leaders.

“The United States has proposed this. Ukraine has supported it. What is needed is Russia’s readiness,” he wrote on X.

AFP

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