Business
2025.05.02 19:09 GMT+8

US import prices rise as small-parcel tax break for China ends

Updated 2025.05.02 19:09 GMT+8
CGTN

New 120 percent tariffs on Chinese small parcels exported to the US take effect on Friday, ending the previous "de minimis" tax−exempt regime. Prices are set to jump, while deliveries may also face delays. This could cause irreversible harm to American small businesses, squeezing consumers and online sellers, according to the US Chamber of Commerce.

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