Showrooms across the US prepare for Christmas as tariffs on Chinese imports fall to 30%. Businesses express cautious relief, though prices remain higher than three months ago.

New Jersey

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.

Global Tariffs

Showrooms across the United States are preparing for the holiday shopping season as tariffs on Chinese imports have been reduced to 30 percent. This decrease provides some relief to businesses, though the current rate remains 30 percent higher than it was three months ago. While the change is welcomed, businesses continue to face higher costs compared to the previous period.

Earlier, the imposition of 145 percent tariffs on all Chinese goods caused significant disruption, slowing operations at U.S. ports and leading many companies to cancel or delay their orders. With the recent adjustment, shipments are resuming, and industry groups anticipate a surge in ordering during a 90-day pause in higher tariffs. This increased demand is expected to result in higher shipping costs.

Over 85 percent of Christmas decorations and a significant portion of toys sold in the U.S. are imported from China, leading to concerns about potential shortages. Jay Foreman, a toy seller, noted that while the reduction in tariffs during the 90-day pause may help the holiday season, consumers should still expect higher prices. The flow of products, including seasonal and holiday merchandise, is expected to improve as a result.

Some business owners are exploring sourcing from other countries but report that manufacturing certain products domestically is currently not feasible due to higher labor costs and a lack of necessary infrastructure. Many in the industry are hopeful that tariffs on Chinese imports will be reduced further in the near future.



Despite tariff relief, U.S. holiday shoppers face higher prices

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Jerusalem

Hamas says it is  'positive' about latest ceasefire proposal

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Washington

Trump signs "big, beautiful bill" as tariff deadline looms

Heavy rainfall in central Texas caused the Guadalupe River to overflow and unleash a torrent of water. The bodies of at least 13 children and adults have been recovered and more than 20 girls are missing from a sleepaway camp.

Kerr County

Floods kill at least 13 in Texas, over 20 missing from summer camp

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Kyiv

Ukraine Invasion

Zelenskyy, Trump agree on joint defense efforts in phone call

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More than 80 people killed in Gaza in one day

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Gilimanuk

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Ochopee

First group of detainees arrive at "Alligator Alcatraz," Florida says

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Tecoluca

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Manhattan

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Madrid

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Tehran

Iran Strikes

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Lhasa

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New York

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Bryan Kohberger changed his plea to guilty Wednesday for the 2022 murders of four University of Idaho students. CBS News national correspondent Carter Evans has more on the case.

Boise

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Madison

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Paris

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Everglades

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