A White House executive order said on Monday that the United States would cut the low-value "de minimis" tariff on China shipments to 54% from 120%, with a flat fee of $100 remaining, starting from May 14, modifying an earlier order imposed by Washington.
President Trump’s administration is reducing tariffs on small packages from China from 120 percent to 54 percent in light of the three-month trade truce with Beijing. The White House announced the change in a late Monday executive order, slashing the so-called “de minimis” tariff for low-value goods…
The news comes after Washington and Beijing came to a temporary trade agreement that was hailed as a “total reset” in relations between the two countries.
