Reported 1 day ago
The Trump administration is considering revoking tariff exemptions for low-value shipments from China, known as 'de minimis', as part of a broader tariff initiative set to be announced. This move would reinstate a previous decision to end duty-free entry for inexpensive Chinese goods, which has seen a dramatic increase in recent years. Trump's efforts are part of a larger strategy to penalize China for its alleged role in the opioid crisis in the U.S.
Source: YAHOO