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Trump signs order delaying tariffs on de minimis imports from China: report
US President Donald Trump on Friday signed an executive order delaying tariffs on lower-value packages from China that enjoy the exemptions until the US Commerce Department can confirm that procedures and systems are in place to process packages and collect tariff revenue.
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The “de minimis” exemption that allowed packages worth less than US$800 to enter the United States duty-free was removed as part of an executive order signed by Trump on February 1 raising tariffs on Chinese goods by 10 per cent.
The tax loophole played a big role in driving the growth of China’s cross-border e-commerce industry, as vendors sending small shipments directly to US consumers were able to avoid US import duties and customs checks.
The reprieve announced on Friday follows assurances by Trump that he expected to have a phone call with Chinese President Xi Jinping.
The time frame for that changed from “probably within 24 hours” on Tuesday to a more vague signal on Wednesday, when the US leader said he was “in no rush” to speak to his counterpart in Beijing.
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