US media: US cancels small-amount exemption policy for Chinese goods
According to a report by the US "New York Times", the Trump administration has canceled the policy that allowed Chinese goods valued at less than $800 to be exempt from tariffs.
It is reported that the US implements what is called the "small-amount exemption" policy, which allows individuals or small businesses to purchase goods valued at less than $800 duty-free. After the US began imposing tariffs on Chinese goods, companies started exploiting this "loophole" to avoid paying duties.
It is reported: "On May 2, the Trump administration officially canceled the previous policy allowing American customers to buy small Chinese goods tax-free."
The report pointed out that this change will involve goods imported into mainland China and Hong Kong. In addition, it also includes Chinese-made goods exported to the US via other countries. The newspaper noted that the "small-amount exemption" policy remains valid for goods from other countries.
Original article: https://www.toutiao.com/article/1831011840520203/
Disclaimer: This article represents the views of the author only.