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Donald Trump pauses tariffs on low-cost parcels in US-China trade reprieve

7 February 2025
in Business
0
Donald Trump pauses tariffs on low-cost parcels in US-China trade reprieve
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In response to US President Donald Trump’s decision to cancel the tariff exemption on low-cost shipments from China, an amendment has temporarily paused the measure to allow time for an efficient collection system to be established. The de minimis provision, which exempts shipments under $800 from tariffs, will remain in place until adequate systems are in place. This move has caused turmoil for exporters and freight carriers, as well as concerns about the impact on Chinese economic growth.

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Tags: DonaldlowcostparcelsPausesreprieveTariffstradeTrumpUSChina
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