U.S. Eliminates Duty-Free Imports of Low-Value Goods

• The U.S. has eliminated duty-free imports of low-value goods, affecting shipments of merchandise such as textiles, toys, cosmetics, and electronic accessories.

• The duty exemption was reversed in May for imports from China, which accounts for over 50% of de minimis imports.

• This move is part of the Donald Trump administration’s efforts to narrow the U.S. trade deficit, prevent intellectual property theft, and block the influx of counterfeit products.

• Opponents argue that the abolition of the duty exemption would reduce aggregate welfare by between $11-$13 billion and disproportionately hurt the poorer.

• The move was part of a series of measures to reduce transaction costs for businesses and consumers.

• The removal of the duty-free exemption recalls a 2019 bargain that Mr. Trump extracted from the Universal Postal Union (UPU) 2019 to block other nations from free-riding on the American economy.

• The European Union has proposed a handling fee of €2 for products directly imported by individuals, and a €0.5 fee received by warehouses to crack down on dangerous and illegal goods.

• The termination of the €150 duty-free threshold offers greater protection to consumers and businesses.

• The actions of the U.S. and EU on low-value imports indicate that the basic pillars of the post-war world order are being systematically undermined.

U.S. Customs Duty Overhaul is important topic for Civil service exam (WBCS).

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