“Abolition of Duty-Free Exemption for Goods Under $800”,
Scene from Temu’s 2024 Super Bowl commercial, an e-commerce company selling low-cost Chinese goods. ⓒNEWSIS, ‘[Dailyan = Reporter Jung In-kyun] The United States, which is engaging in a tariff war with countries like China, Canada, and Mexico, announced plans to abolish the “minimum value exemption.”’,
,
, ‘According to Bloomberg News, the White House explained on the 2nd (local time) that it plans to suspend the minimum value exemption system, which exempts goods under $800 from duties, while announcing tariff policies for three countries. This is expected to impact Chinese low-cost e-commerce companies like Shein and Temu.’,
,
, ‘Previously, the White House announced that it would impose a 25% tariff on Canada and Mexico and a 10% tariff on China starting from the 4th. Former U.S. President Donald Trump stated that the decision to impose tariffs was made because Canada was not taking measures to curb the influx of fentanyl (a “zombie drug”) into the United States.’,
,
, ‘Bloomberg reported, “The White House judged that substances used in the manufacture of fentanyl were entering the United States without customs checks under the minimum value exemption. This is a measure to block that.” It also stated, “This policy is included in the executive orders against Mexico and China as well.”‘,
,
, ‘However, the scope of this measure is yet to be determined. Previously, the Biden administration announced the abolition of the minimum value exemption in November last year. At that time, the Biden administration explained that the scope of this measure would apply to “imported goods subject to Trade Acts section 301 and 201, and Trade Expansion Act section 232.”