The US has announced a reduction in tariffs on small parcels from mainland China and Hong Kong from 120% to 54%. This decision follows a 90-day trade war pause agreement between Washington and Beijing. Initially imposed to close a loophole allowing low-value goods to enter the US duty-free, the tariff reduction accompanies a broader reset in US-China trade relations. While the flat fee of $100 remains unchanged, uncertainty looms as companies await clarity on post-deal trade conditions, affecting investment decisions and market behavior.
The US has cut tariffs on small parcels from mainland China and Hong Kong from 120% to 54%, signaling a temporary easing in trade tensions.
In a significant policy change, the US has halved the levy on low-value imports, reflecting a broader strategy to reset trade relations with China.
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