US To End Tariff Exemption For Low-Value Imports Starting Aug. 29
WASHINGTON, July 31 (Bernama-Xinhua) -- United States (US) President Donald Trump signed an executive order on Wednesday, suspending duty-free de minimis treatment for low-value shipments, reported Xinhua.
Effective Aug. 29, imported goods sent by means other than the international postal network and that are valued at or below US$800, and would otherwise be eligible for the de minimis exemption, will be subject to all applicable duties.
For goods shipped through the international postal system, packages will instead be subject to a duty equal to the effective tariff rate applicable to the country of origin, or a duty ranging from US$80 to US$200 per item.
The de minimis rule is a trade provision that allows low-value imports, those under US$800, to enter the US without paying customs duties or tariffs.
-- BERNAMA-XINHUA