The Trump administration has canceled the duty-free import rule for goods from China worth up to $800. This decision effectively closes a “loophole” that American companies and individuals actively used to import Chinese goods, bypassing the previously imposed duties, The New York Times reports.
The previously effective de minimis rule allowed duty-free import of goods worth up to $800 purchased directly by individuals or small businesses. The publication noted that the changes will affect goods from mainland China and Hong Kong. In addition, the measures will apply to goods supplied through other countries. For goods from other countries, this rule remains in effect for now.
Previously, it was reported that the Chinese authorities are studying US statements about their readiness to hold bilateral negotiations. The Chinese Ministry of Commerce emphasized that US officials have repeatedly expressed their readiness to hold talks with the Chinese side to discuss trade duties.
On April 2, US President Donald Trump announced the introduction of tariffs on goods from 185 countries and territories. The universal tariff of 10% came into effect on April 5, individual tariffs – on April 9. At the same time, on April 9, Trump suspended additional duties imposed on the basis of reciprocity for a number of countries for 90 days. The White House explained that this is due to trade negotiations, and during this period only the universal tariff of 10% will be in effect. The total amount of US duties on Chinese goods reaches 145%. In response, China raised tariffs on American products to 125% on April 12.
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