US ends tariff exemptions on low-cost goods worth less than $800 from China

(Source: Linkedin)

On May 2, the US officially ended its tax exemption policy for goods from China valued at less than 800 USD.

The move is expected to have a major impact on popular Chinese e-commerce platforms such as Shein and Temu, which offer low-cost goods favored by American consumers .

Starting May 2, goods from China shipped commercially into the US will be subject to an additional tariff of 145% on top of previous tariffs, with the exception of products such as smartphones that were exempted last month.

However, goods with a value of less than 800 USD sent through the US Postal Service will be subject to a different tax rate, equal to 120% of the value of the goods or a fixed tax rate of 100 USD/package (will increase to 200 USD next June).

A spokesman for U.S. Customs and Border Protection said the agency faces “a huge task,” but is ready to enforce the collection of duties on low-value goods from China under President Trump’s new tariff policy.

According to the official, the authorities have prepared and equipped with adequate means to carry out inspection of packages and effectively enforce the decree. He affirmed that this tax collection will not affect the waiting time of passengers at the airport and border gates.

According to the US Census Bureau, low-value goods from China to the US will have a total value of about 5.1 billion USD in 2024./.

According to Vietnamplus

Source: https://www.vietnamplus.vn/my-cham-dut-mien-thue-voi-hang-gia-re-co-gia-tri-duoi-800-usd-tu-trung-quoc-post1036323.vnp

Source: https://baolongan.vn/my-cham-dut-mien-thue-voi-hang-gia-re-co-gia-tri-duoi-800-usd-tu-trung-quoc-a194560.html