De Minimis Exemption Ending for Imports from China
Along with ongoing tariff escalations, the Trump administration also revealed last week that the de minimis exemption for China and Hong Kong will end May 2, with the status of other countries still up in the air. Under the latest executive order, previously exempted goods sent through any carriers outside the international postal network will be subject to all applicable duties. Postal items containing goods valued at $800 or under will face a duty rate of either 30% of their value or $25 per item, increasing to $50 per item after ... Log in to view full article.