HomeBusinessUS Postal Service stops...

US Postal Service stops accepting parcels from China

Trump’s executive order eliminated an exemption that allowed goods worth $800 (£641) or less to enter the US without having to pay duties or certain taxes.

The so-called “de minimis” tax loophole faced increased scrutiny in recent years as Chinese e-commerce giants like Shein and Temu used it to reach millions of US customers.

In response China said it would implement tariffs on some US imports.

From 10 February coal and liquefied natural gas products (LNG) will face a 15% levy. Crude oil, agricultural machinery and large-engine cars will be subject to a 10% tariff.

President Trump is expected to speak to his Chinese counterpart Xi Jinping in the coming days.

“Trump’s tariff changes are especially sharp if goods were previously shipped via e-commerce directly from China to the US,” said trade expert Deborah Elms.

Close to half of all parcels entering the US under de minimis were sent from China, according to a 2023 report by the US Congressional committee on China.

US officials have pointed out that the large flow of parcels entering the country through this exemption made it increasingly difficult to screen them for possible illegal goods.

The BBC has contacted USPS to request more details about the decision.

Source link

- A word from our sponsors -

spot_img

Most Popular

More from Author

- A word from our sponsors -

spot_img

Read Now

Tulsi for diabetes: How holy basil supports blood sugar control, improves insulin sensitivity, reduces stress, and boosts overall health |

Within Ayurvedic medicine, tulsi or holy basil is a respectfully regarded herb for the depth of health benefits it provokes. In the case of diabetic patients, tulsi extends amazingly useful support to regulate blood sugar levels and increase insulin sensitivity, among fighting off oxidative stress....

Smart home hacking attacks are actually rare despite scary headlines

NEWYou can now listen to Fox News articles! News of more than 120,000 Korean home cameras being hacked recently can shake your confidence in connected devices. Stories like that make you picture cybercriminals breaking into homes with high-tech gadgets and spying on families through smart...

Hugh Jackman and Kate Hudson on the musical alchemy of “Song Sung Blue”

Last week, at a New York bar called Old Mates, Australian icon Hugh Jackman sang a few songs by an American icon, Neil Diamond. He's been doing a lot of this lately.His new film, "Song Sung Blue," is based on the real-life story...

Trade boost: 300 Indian products identified for Russia export push; govt maps high-potential opportunity sectors

India has identified close to 300 products across engineering goods, pharmaceuticals, agriculture and chemicals that offer significant opportunities for Indian exporters to expand their presence in the Russian market, a senior official told PTI. The exercise comes as New Delhi and Moscow work towards the...

Chinese surgeons attach woman’s torn ear to foot after accident

In an unorthodox medical procedure, Chinese surgeons temporarily attached a woman’s torn ear to her foot in the eastern...

Fossil footprints found in Bolivia reveal dinosaurs’ awkward attempts to swim

Legend once had it that the huge, three-toed footprints scattered across the central highlands of Bolivia came from supernaturally strong monsters - capable of sinking their claws even into solid stone.Then scientists came here in the 1960s and dispelled children's fears, determining that...

Key suspect in Liam Payne death case released from prison amid health fears

Braian Paiz, one of the two men charged in the Liam Payne death case, was released from prison and...

No 10 says it backs pubs as landlords bar Labour MPs in tax protest

Downing Street has insisted the government backs pubs, as a growing number sign up to a campaign to bar Labour MPs from their premises in protest at tax rates.The Labour MP ban was kicked off a week ago and more than 250 pubs, restaurants and hotels have...

World’s Most Expensive Substance: Just One Gram Of THIS, Equivalent To Four Hiroshima-Class Nuclear Weapons, Could Send Rockets To Mars | Science & Environment...

Neither gold nor diamonds, the world's costliest material is a substance known as antimatter that costs an estimated USD 62.5 trillion (Rs 62.5 lakh crore) a gram. A gram of it packs a punch of explosive energy equivalent to four Hiroshima-class nuclear weapons and is costlier than India's...