UK Small Business News
SEE OTHER BRANDS

The best news from the United Kingdom on small business

US Cancels Duty-Free Privileges for Chinese Imports

(MENAFN) The United States formally terminated the de minimis exemption on Friday for low-cost goods arriving from China and Hong Kong, marking the most recent intensification in the ongoing U.S.-China trade dispute.

The exemption, which had previously allowed parcels worth less than USD800 to enter the U.S. without incurring customs duties, was abolished following an executive order authorized by Leader Donald Trump on April 2.

According to the White House, the initiative aims to curb the unlawful influx of synthetic narcotics like fentanyl and to seal a "loophole" that Trump called a “scam” that undermines American small businesses.

“It’s a big scam going on against our country, against really small businesses. And we’ve ended, we put an end to it,” Trump stated at a Cabinet meeting earlier this week.

Shipments sent from China and Hong Kong will now incur tariffs and must comply with all applicable taxation.

This policy shift is anticipated to significantly impact online retail companies such as Shein, Temu, and independent Amazon sellers, who had previously taken advantage of the loophole to bypass import charges.

Products from China might now be subject to tariffs as high as 145 percent.

Trade analysts informed the media that the action also adds a substantial workload for U.S. Customs and Border Protection (CBP), which will now be responsible for examining millions of additional packages every day—potentially leading to shipping delays and logistical complications.

MENAFN03052025000045017167ID1109503188


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Share us

on your social networks:
AGPs

Get the latest news on this topic.

SIGN UP FOR FREE TODAY

No Thanks

By signing to this email alert, you
agree to our Terms of Service