Tariffs on small-value packages go into impact as loophole ends
A delivery loophole exempting small-value packages from tariffs ended at 12:01 a.m. Friday, which means that packages shipped into the U.S. underneath $800 at the moment are topic to extra taxes.
Earlier this 12 months, President Donald Trump ended the loophole for small-value packages shipped from China and Hong Kong.
Senior White House officers hailed the transfer in a name with reporters Thursday, saying that it was an important step in Trump’s efforts to rebalance commerce and likewise will assist crack down on the importation of unlawful items, together with fentanyl.