A long-standing US exemption allowing low-value packages from China and Hong Kong to enter the country duty-free will be scrapped on 2 May.

This means that shipments valued at or below $800, previously exempt from tariffs, will now be subject to new duties and postal fees, increasing costs for consumers and e-commerce businesses.

Read more: https://news.sky.com/topic/china-5869

#skynews #china #usa #tariffs #donaldtrump #edconway #trumppresidency

SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews

For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB

Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/

Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog

To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales


Did you miss our previous article...
https://trendinginrealestate.com/real-estate-trends/chris-vermeulen-expect-more-pain-in-these-markets