US-China Trade Talks: Who Holds the Leverage; De Minimis Duty-Free Rule Ends

Aug-29-2025

The U.S. Treasury secretary says “all options are on the table” in trade talks with China. Another round could happen as early as late October. So where does the standoff stand—and what leverage does each side hold? Packages under $800 can no longer enter the U.S. duty-free. The Trump administration just ended the “de minimis” …