US President Donald Trump signed an executive order ending a global tariff exemption used by shoppers of low-cost goods. The order, signed on Wednesday, comes into force on 29 August and broadens earlier presidential action that specifically targeted cheap products from China and Hong Kong to now cover the rest of the world. The de minimis exemption had allowed goods …
Read More »US ends tariff exemption for all low-value packages ReutersView Full Coverage on Google News Source link
Read More »Trump ends de minimis exemption for tariffs, imposes copper, Brazil levies Axios Trump ends international tax loophole: What it means for consumers, businesses Axios Trump ends de minimis exemption for global low-cost goods CNBC White House to end US tariff exemption for all low-value overseas packages The Guardian President Trump suspends de minimis exemption for low-value imports CBS News Source link
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A U.S. postal worker delivers Amazon boxes outside of the New York Stock Exchange on Oct. 11, 2018. Spencer Platt | Getty Images President Donald Trump on Wednesday signed an executive order ending the de minimis trade loophole for low-value packages shipped from all countries. The order, which takes effect Aug. 29, will subject any shipments of imported goods into …
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President Trump on Wednesday signed an executive order suspending what’s known as a de minimis exemption allowing low-value parcels that are shipped to the United States to avoid tariffs. The White House said it’s closing what it called a “catastrophic loophole” that shippers use to “evade tariffs and funnel deadly synthetic opioids or below-market products” into the U.S. The order …
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