President Trump has signed an order postponing tariffs on low-cost de minimis imports from China, maintaining the current duty-free status for packages worth less than $800. This pause is in effect while the Commerce Department finalizes necessary revenue collection procedures, following an earlier executive order that sought to raise tariffs on Chinese goods.

In a recent action, President Trump signed an executive order postponing the imposition of tariffs on de minimis imports from China. This decision halts the application of tariffs on low-cost packages as the US Commerce Department works to finalize procedures for collecting tariff revenues. The order reflects a temporary reprieve for items valued under $800, allowing them to continue entering the US without additional duty fees while preparations are made for revenue collection.

The term “de minimis” refers to the exemption that allowed goods valued at less than $800 to enter the United States without incurring tariffs. An executive order issued by President Trump on February 1 initially sought to eliminate this exemption as part of a broader tariff increase of 10 percent on Chinese imports. However, the recent amendment, signed on February 5, indicates that the de minimis exemption will remain until the Commerce Department confirms adequate revenue collection systems are established.

In summary, President Trump’s executive order delays the removal of de minimis tariff exemptions for Chinese imports valued under $800. This pause allows the Commerce Department the necessary time to develop and implement systems for effective tariff revenue collection while providing relief for low-cost package imports.

Original Source: www.scmp.com

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