Starting today, American shoppers may find cheap goods from online retailers much pricier than before, as President Donald Trump’s decision to close a trade loophole known as de minimis takes effect. Previously, that allowed low-value packages to enter the US without the inspection, information disclosure or duty payment typically associated with purchases of foreign goods. The US Congress says more than one billion de minimis shipments are processed each year. with more than half coming from mainland China and Hong Kong. May Wong reports from Hong Kong.
Top News
- US cedes little ground on key tariffs in talks with Japan, Nikkei says
- Piastri on top in Miami Grand Prix practice
- Vietnam opposes China, Philippines’ moves on South China Sea reef
- Hong Kong March retail sales fall 3.5%
- Conte lauds McTominay’s growth as Napoli eye Serie A title
- Hong Kong’s economy accelerated in Q1 ahead of tariff storm
- No love lost as Rangers say they will not give Celtic a guard of honour
- South Korea’s main conservative party nominates Kim Moon Soo as presidential candidate