- The US announced changes to low-value shipments from China, Hong Kong, and Macau.
- Shipments valued at $800 are affected.
- An ad valorem duty rate of 120 percent or a specific duty of $100 applies from 2 May.
- The specific duty increases to $200 from 1 June.
- This is an increase from the previously announced 90 percent tariff and specific duties of $75 from 2 May and $150 from 1 June.
Source: ey.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
