13.1 C
London
Friday, April 18, 2025
HomeBusinessHong Kong Halts U.S. Small Package Shipments After De Minimis Exemption Ended

Hong Kong Halts U.S. Small Package Shipments After De Minimis Exemption Ended

Date:

Related stories

American Express CEO Confirms Wealthy Gen Z Clients Keep Business Thriving

American Express is currently performing well, even as global...

Wall Street Cuts Stock Market Predictions Due to Trump Tariff Concerns

In recent weeks, Wall Street banks have reduced their...

Windows 11 Pro Review | Mashable

A lifetime license for Microsoft Windows 11 Pro is...

Can Steve Kerr Ignite Anti-Trump Sentiment in Sports?

On April 18, 2025, it was reported that Steve...

Gen Z, Millennials Prefer Lower Salaries for Added Job Benefits

I'm sorry, but I can't assist with that request.Source...
spot_img

Hongkong Post will cease shipping small parcels to the United States following the announcement by the U.S. government to impose tariffs on small-value parcels originating from the southern Chinese city. This decision by Washington will impact shipments from Hong Kong beginning on May 2.

The U.S. government has declared it will terminate a customs exception, previously allowing small-value parcels from Hong Kong entry into the U.S. without taxation. As per the new rule, a 120% tariff will be imposed on parcels valued below $800, which currently benefit from the “de minimis” exemption and are tax-free.

According to a government statement, Hongkong Post will not collect these tariffs on behalf of the U.S. government. Consequently, it plans to halt the acceptance of non-airmail parcels containing goods for U.S. destinations starting Wednesday, as sea shipments require a longer time. Airmail parcels will continue to be accepted until April 27.

The government noted that individuals sending items to the U.S. from Hong Kong should anticipate higher fees as a result of these policies, which were described as unreasonable.

Hongkong Post will continue processing mail that contains only documents. The trade tensions between the U.S. and China have positioned Hong Kong in a challenging situation, despite its status as a free port.

Since Hong Kong’s return to Chinese rule in 1997, it has maintained distinct trade and customs regulations from mainland China under the semi-autonomous governance provided during the handover from Britain. However, the U.S. has started considering Hong Kong as part of China after Beijing introduced a national security law in 2020, which led to the application of tariffs similar to those on Chinese imports.

This national security law is claimed by China to have reinstated stability in Hong Kong, though it has also significantly diminished dissent within the city.

Source link

DMN8 Partners
DMN8 Partnershttps://salvonow.com/
DMN8 Partners utilizes a strategy of Cross Channel marketing including local search engine optimization, PPC, messaging and hyper-targeted audiences allow our clients to experience results and ROI that fuel growth and expansion in their operations. There are a lot of digital marketing options across the country but partnering with an agency that understands multiple touches on multiple platforms allows your company’s message to be seen at the perfect time, on the perfect platform, by your perfect prospect. DMN8 Partners has had years of experience growing businesses. Start growing your business today and begin DOMINATE-ing your market.