Trump signs order ending global tariff exemption for low-cost goods
Summary
President Trump signed an order to end a tariff exemption for low-cost goods from around the world. This change, effective August 29, will require cheap products under $800 entering the US to pay tariffs, which previously only applied to goods from China and Hong Kong.Key Facts
- The US will end a tariff exemption for goods valued at $800 or less.
- This rule starts on August 29 and applies to products from all countries.
- The de minimis exemption allowed these low-cost goods to enter the US tariff-free.
- Initially, this action targeted Chinese and Hong Kong goods but now includes global goods.
- The White House claims this exemption was used to avoid tariffs and smuggle opioids.
- This decision moves up a planned deadline from July 2027 to now.
- China, Canada, and Mexico were main users of this exemption to send goods to the US.
- The change does not apply to personal travel items worth $200 or gifts worth $100 or less.
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