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"De minimis" U.S. tariffs exemption ends for low-value imports

www.cbsnews.com

"De minimis" U.S. tariffs exemption ends for low-value imports

An exemption that allowed low-value parcels shipped to the United States to avoid tariffs ended at 12:01 a.m. Friday, Trump administration officials said.

Trump signed an executive order suspending what's known as the de minimis exemption late last month.

The exemption applied to parcels valued at $800 or less and let overseas retailers ship inexpensive goods to consumers in the U.S. tax-free.

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