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Tariffs on small-value packages go into effect as loophole ends
The small value tariff exemption is ending and now many countries are cutting off shipments/mail deliveries to the US
Link to tweet
https://abcnews.go.com/Business/tariffs-small-packages-effect-loophole-ends-midnight/story
A shipping loophole exempting small-value packages from tariffs ended at 12:01 a.m. Friday, meaning that packages shipped into the U.S. under $800 are now subject to additional taxes.
Earlier this year, President Donald Trump ended the loophole for small-value packages shipped from China and Hong Kong.
Senior White House officials hailed the move in a call with reporters Thursday, saying that it was a crucial step in Trump's efforts to rebalance trade and also will help crack down on the importation of illegal goods, including fentanyl.
Earlier this year, President Donald Trump ended the loophole for small-value packages shipped from China and Hong Kong.
Senior White House officials hailed the move in a call with reporters Thursday, saying that it was a crucial step in Trump's efforts to rebalance trade and also will help crack down on the importation of illegal goods, including fentanyl.