A U.S. Postal Worker will be available on October 11, 2018 in an Amazon box outside the New York Stock Exchange.
Spencer Platt | Getty Images
president Donald Trump Signed on Wednesday Executive Order Finish de minimis Low value trade loopholes Software Package Shipping from all countries.
The order will take effect on August 29 and will be for any goods The White House said imports entering the United States are worth $800 or less.
Any goods shipped through the international postal network will be subject to tariff rates based on the value of the packaging and its country of origin.
The move comes after Trump closed a de Minimis vulnerability in Chinese and Hong Kong goods in May. Federal Trade Court on Monday Refuses to Block Trump’s Minimum Injunction Automatic parts The retailer believes the action is illegal and threatens its business.
In recent years, as online shopping has become more common, the use of Minimis terms has exploded in recent years. Ultracheap online retailers, e.g. forward and Shein The vulnerability has been used to ship directly from China to US shoppers duty-free.
Shares PDD HoldTemu’s parent company fell after the announcement.
Amazon The stocks also announced the news. Amazon has a third-party marketplace of millions of sellers, and a super-cost storefront of items shipped directly from China, called transportation.
The Trump administration has tried to close the loophole, calling it a “big scam” and hurt our businesses. Officials said the minimum has been promoted to the forefront of the transport of fentanyl and other illegal substances, saying the parcels are unlikely to be inspected by customs agents.
The White House said the number of De Minimis cargo so far this fiscal year has soared to 309 million units, up from 115 million last year.
