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On October 11, 2018, an American mail worker supplies Amazon boxes outside the New York Stock Exchange.
Spencer Plath | Gets the image
President Donald Trump Wednesday was signed Executive order termination de minimis A trading gap for low cost packing sent from all countries.
The order that will come into force on August 29 will be exposed to anyone supply Import $ 800 and less duty to the US, the White House said.
Any goods delivered through the international postal network will be subject to tariffs based on the cost of the package and its country of origin.
This step comes after Trump closed the De minimis crack for goods from China and Hong Kong in May. Federal Trade Court on Monday refused to block Trump’s ban minimum, even after Autos The retailer claimed that the action was illegal and threatened his business.
The use of the de Minimis provision has exploded in recent years as the online purchases have become more common. Online Ultracheap -Krams, such as Ago and Lat They used a breakthrough to send packages to US buyers directly from China without their duties.
Shares PDD HoldingsThe Temu Mother’s Company dropped below after the announcement.
Amazon The stock also slipped on the ad. Amazon runs the third market with millions of sellers, as well as in a supreme showcase with the participation of goods delivered directly from China, called Haul.
The Trump administration sought to close the crevice, calling it a “big scam” that hurts the American business. Officials said De Minimis contributed to the supplies of Fentanyl and other prohibited substances, saying that packages are less likely to check customs agents.
This financial year, the volume of DE Minimis’s shipments increased to 309 million units, which is 115 million over the past year, the White House said.