Hey everyone, big changes are on the horizon! U.S. consumers who love snagging online deals should note that starting May 2, low-value imports from the Chinese mainland and Hong Kong Special Administrative Region will no longer enjoy duty-free treatment.
On April 2, President Donald Trump signed an executive order eliminating the de minimis exemption for imports valued at $800 or less – a policy originally set in motion in February but paused due to disruptions. Now, packages that were previously duty-free will face a 120% duty or a flat fee of $100, which will increase to $200 on June 1. 💰
This move comes on top of steep tariffs now totaling 145% on many Chinese goods. As a result, shipments are seeing delays, and fewer cargo vessels are leaving the Chinese mainland, posing fresh challenges for U.S. online retailers and savvy shoppers alike. 🚢
For young professionals, business enthusiasts, and anyone curious about global trade trends, this development signals a shift in how imported goods are priced and delivered. Stay informed and double-check those fees before your next purchase!
Reference(s):
U.S. consumers may face pricier Chinese goods as duty-free imports end
cgtn.com
