U.S. to End De Minimis Shipping Exemption for Chinese Imports
The U.S. will eliminate the de minimis exemption for imports from China and Hong Kong starting May 2, 2023, imposing tariffs instead. Goods entering via postal services will have different duty rates. This change aims to combat contraband and adjust shipping regulations, with potential future impacts on other countries.
Beginning on May 2, 2023, the United States will revoke the de minimis exemption for imported goods from China and Hong Kong, as announced by the White House. Products that typically qualified for the exemption will now incur applicable duties unless they enter through the international postal network. In such cases, a duty of either 30% of the item’s value or $25 per item will be applicable; this fee is set to rise to $50 per item after June 1.
The impending removal of the de minimis exemption for Chinese imports represents a significant shift in U.S. trade policy, primarily aimed at curbing illicit activities associated with low-value packages. With an increase in tariffs and a focus on proper duty collection systems, American businesses that rely on cost-effective shipping from China face notable changes. The government will also assess the impact of these new rules on other countries in the coming months, potentially extending similar regulations elsewhere.
Original Source: www.supplychaindive.com
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