US Ends Tariff Exemption for Low-Value Global Imports
Summary
- President Trump has ended the de minimis exemption for imports under $800.
- This exemption previously applied to goods from the rest of the world.
- China's exemption was eliminated earlier.
- The new policy takes effect on August 29th.
- Shipments under $800 will now be subject to tariffs.
Overall Sentiment: ⚪ Neutral
AI Explanation
President Trump has signed an executive order that will eliminate the "de minimis exemption" for imports valued under $800 from all countries except China, for which the exemption was previously ended. This policy previously allowed low-value shipments to enter the U.S. without tariffs and with simplified customs procedures. The change, effective August 29th, means these previously exempt shipments will now be subject to duties.
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