US terminates de minimis exemption for low-value imports, imposes new tariffs
TL;DR Summary
The US is ending its 'de minimis' exemption, requiring tariffs on low-value shipments under $800 sent to the US, starting August 29, as part of broader trade policy changes aimed at addressing trade imbalances and protecting domestic industries, especially affecting shipments from China and Hong Kong.
- US ends tariff exemption for all low-value packages Reuters
- Trump ends de minimis exemption for global low-cost goods CNBC
- Trump ends de minimis tariff exemption for low-cost goods from around the world The Independent
- Trump ends de minimis exemption for tariffs, imposes copper, Brazil levies Axios
- President Trump suspends de minimis exemption for low-value imports CBS News
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