China Shipping Loophole Closed by Trump, Raising Prices for US Consumers
Packages from China and Hong Kong will now be taxed at a rate of 120% of their value or charged a flat rate.
Photographer: Na Bian/BloombergThis article is for subscribers only.
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Small-value packages shipped to the US from China will no longer be exempted from tariffs starting Friday, when President Donald Trump’s move against an exception he called a “big scam” takes effect.