US to reduce de minimis tariff on China shipments from 120% to 54%

This follows up from this part here yesterday: US-China deal reportedly does not cover de minimis exemption for e-commerce shipments

It’s some comfort I guess that the duty/import charges will be reduced. But at 54%, it is still high for the average consumer. The de minimis exemption was eliminated previously so I don’t believe the $800 threshold is back in place. Also, just be aware that the $100 fee will be increased to $200 after 1 June as per the previous arrangement.

I mean even at 54%, it’s still a taxing amount. It’s not as bad as paying double the amount now but consumers will essentially still pay at least 1.5 times the amount for goods with country of origin (COO) labeled China.

This article was written by Justin Low at www.forexlive.com.