US Raises Charges on Small Parcels, Targeting Chinese Retailers
Washington will also increase the per postal item on goods entering after May 2 and before June 1 to $75 from the planned $25.
Photographer: Qilai Shen/BloombergThe escalating trade war between the US and China saw President Donald Trump raise tariffs even further on small parcels that were until now exempt from taxes.
The US will tax imports of items priced up to $800 at the rate of 90% of their value, up from a previous plan to levy a 30% ad valorem tax, according to the amendment on reciprocal tariffs published by the White House Wednesday.