RE: ROUND OF APPLAUSE FOR...7 Apr 2025 23:37
From what I have read, the US tariffs apply to the country of manufacture of said import goods, so if an item is made from two countries, the import declaration would state the percentage & value of the components from each country. For companies that have products with a short shelf life like fashion, this will burden them with a lot of red tape so a China to USA via UK may not work out to well considering shipping costs as well.
I can see China moving harder in to EU & UK so expect a wider trade imbalance. That will effectively such out currency, increase national debt & result in UK tariffs on imports as well as a recession.
End of the de minimis exemption for Chinese-origin goods
Effective at 12:01 a.m. (ET) on May 2, 2025, the United States will end the duty-free de minimis exemption for imports of Chinese-origin goods (including goods originating in Hong Kong). The de minimis exemption typically applies to goods imported by one person on one day having a fair retail value not exceeding $800.
For goods valued at or under $800 that would otherwise qualify for the de minimis exemption, the duty rates will vary depending on the shipping method:
For goods sent through means other than the international postal network, all applicable duties and tariffs will be due upon import.
For goods sent through the international post network, the import will be subject to duties of 30% ad valorem or $25 per item (at the transportation carrier’s discretion) in lieu of any other duties, including those previously imposed by executive order. The per item dollar amount will increase to $50 per item on June 1, 2025. Carriers must apply the same duty collection methodology to all shipments but may change collection methodologies monthly.
https://www.tradecomplianceresourcehub.com/2025/04/03/u-s-imposes-10-baseline-tariffs-higher-reciprocal-tariffs-for-targeted-countries/
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