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Investing.com -- The recent tariff reduction agreement between the United States and China has left unanswered questions regarding the future of tariffs on low-value ecommerce packages from China to the U.S. The agreement, announced on Monday, did not clarify whether these packages would continue to be subject to tariffs.
The U.S.-China trade agreement has not included provisions for "de minimis" exemptions, which pertain to ecommerce companies, according to a source familiar with the discussions.
Previously, on May 2, the U.S. administration under President Donald Trump had terminated the de minimis policy. This policy had permitted packages valued at less than $800, purchased online from China and Hong Kong, to enter the United States without any duty. Following the termination of this policy, tariffs of 120% were imposed on such parcels.
The fate of these tariffs following Monday’s agreement remains uncertain. The agreement did not provide any specific details on whether these tariffs would continue to be in effect or not.
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