US to cut 'de minimis' tariff on China shipments, bolsters broader trade truce

The Gazette

Summary

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The tariff relief comes in the wake of Beijing and Washington announcing a truce in their trade spat after weekend talks in Geneva, with both sides agreeing to unwind most of the tariffs imposed on each other's goods since early April.
Deccan Herald
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Starting May 14, the United States will significantly scale back the 'de minimis' tariff on shipments from China—from 120 per cent to 54 per cent—as outlined in a White House executive order released on Monday.
ABP Live
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It was not immediately clear whether those would remain in place after Monday's agreement.
Reuters
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The de minimis exemption, for items valued at up to $800 and sent from China via postal services, were previously able to enter the United States duty free and with minimal inspections.
The Korea Times

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