U.S. President Donald Trump signed an executive order on Wednesday that closes a trade loophole known as "de minimus" that has allowed low-value packages from China and Hong Kong to enter the United States free of duties.
Trump signed the order, which takes effect at 12:01 a.m. Eastern Time May 2, in the Rose Garden of the White House after announcing sweeping new tariffs on global trading partners.
The White House said the move, came after Commerce Secretary Howard Lutnick certified "adequate systems are in place to collect tariff revenue" on the shipments.
It said imported goods from China and Hong Kong sent outside the international postal network and valued at or under $800 would now be subject to all applicable duties.
Imported goods sent through the postal network and valued at or under $800 would now be subject to a duty rate of either 30% of their value or $25 per item, with that rate increasing to $50 per item after June 1.
Trump signed the order, which takes effect at 12:01 a.m. Eastern Time May 2, in the Rose Garden of the White House after announcing sweeping new tariffs on global trading partners.
The White House said the move, came after Commerce Secretary Howard Lutnick certified "adequate systems are in place to collect tariff revenue" on the shipments.
It said imported goods from China and Hong Kong sent outside the international postal network and valued at or under $800 would now be subject to all applicable duties.
Imported goods sent through the postal network and valued at or under $800 would now be subject to a duty rate of either 30% of their value or $25 per item, with that rate increasing to $50 per item after June 1.
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