US ends de minimis shipping loophole for Chinese goods that cost less than US$800
Starting today, American shoppers may find cheap goods from online retailers much pricier than before, as President Donald Trump's decision to close a trade loophole known as de minimis takes effect. Previously, that allowed low-value packages to enter the US without the inspection, information disclosure or duty payment typically associated with purchases of foreign goods. The US Congress says more than one billion de minimis shipments are processed each year. with more than half coming from mainland China and Hong Kong. May Wong reports from Hong Kong.
Starting today, American shoppers may find cheap goods from online retailers much pricier than before, as President Donald Trump's decision to close a trade loophole known as de minimis takes effect. Previously, that allowed low-value packages to enter the US without the inspection, information disclosure or duty payment typically associated with purchases of foreign goods. The US Congress says more than one billion de minimis shipments are processed each year. with more than half coming from mainland China and Hong Kong. May Wong reports from Hong Kong.
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