U.S. President Donald Trump has signed an order delaying tariffs on goods from China. The order temporarily prohibits imposing new duties on inexpensive packages from China.
This was reported by RBK-Ukraine citing The Hill.
The order, which Trump signed on Wednesday, February 5, amended the initial directive regarding China to allow the de minimis threshold to remain in effect until the Department of Commerce implements systems for the efficient processing and collection of tariff revenues from goods that have lost their value.
Reportedly, the provision on minimal tariffs has been used as a loophole for the delivery of fentanyl and other chemicals, with Trump's tariffs on China primarily focused on combating the supply chain of synthetic opioids.
A source from The Hill stated that Trump's order will not be a long-term solution but rather a temporary measure to address packages from China.
The de minimis threshold is the value set by a country for applying customs duties and taxes to imported goods. De minimis refers to the minimum value of goods below which customs does not collect duties and taxes.
In early February, the U.S. announced new tariffs on goods from Canada and Mexico. Trump has also threatened tariffs on the European Union.
In response to the Trump administration's 10% tariffs on Chinese imports to the U.S., Beijing announced the imposition of tariffs on certain types of American imports, including fuel. However, these measures have been postponed.
For more details on the trade war, read the article by RBK-Ukraine "Trump has started a new trade war: what will be the consequences for the world and Ukraine".