A trade court ruled Thursday that President Donald Trump could halt a tariff exemption for small packages entering the country, rejecting a challenge to the US leader’s earlier move.
Trump had acted last year to end the “de minimis” exemption for parcels valued at $800 or less, citing the use of low-value shipments to avoid tariffs and smuggle drugs. This had sparked concern from small businesses, which experts said have less buffer to absorb shocks, unlike larger consumer platforms like Chinese-founded Shein and Temu.
Both were hit when Washington previously closed the exception for Chinese products. While the legal challenge argued that Trump had lacked the authority to rescind the exception, the US Court of International Trade ruled that this was allowed.
Trump touted the “big win” in a social media post, saying the provision “became a giant loophole for tariff cheats” and others.
AFP
TheGlobalNewLightOfMyanmar
