Donald Trump suspended a key part of the tariff attack on China on Friday.
Plans to secure cargo from China to the US to secure cargo under $800 still face tariffs – removing long-time tax-free status for low-cast packages – more to federal agencies to prepare for changes I’m late to give you time.
However, at the White House on Friday, the president said next week he would announce new mutual tariffs in more countries. He did not provide details specifying what the tariffs were or which countries would be affected.
“We will announce mutual trade next week, so we will be treated equally with other countries. Trump told reporters at a bilateral meeting with Japanese Prime Minister Isgar.
On Tuesday, the US Postal Service temporarily suspends all incoming packages from China and Hong Kong after Trump ended De Minimis’ provisions that allow low-value packages from China to enter US tax exemption I did.
Under this provision, Chinese e-commerce companies such as Shein and Temu have allowed items to be shipped to the United States without paying the tariffs Trump had enacted in China in 2018.
The executive order signed by Trump said it would maintain the provisions until “the appropriate system is fully and properly handled and the appropriate system is in place to collect tariff revenue.”
The president has removed the tax exemption clause as his overall tariff strategy against China. What he says is dealing with illegal drugs coming from the country. Trump placed a 10% tariff on all Chinese imports and came into effect this week.
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The new tariffs add to the confusion and confusion Trump has created since Trump took office. Trump originally planned to impose a 25% tariff on Mexico and Canada on February 1st, but ultimately stopped both tariffs after negotiations with the country’s leader. did. These duties are currently expected to come into effect on March 1st.
Reuters contributed to the report
