AsianFin -- U.S. President Donald Trump has temporarily delayed the imposition of tariffs on small-value packages arriving from China. This move appears to allow federal agencies time to figure out how to manage the processing of millions of these shipments, which cross the U.S. border daily without paying taxes.
The executive order, issued on Wednesday, did not specify an end date for the delay. However, it stated that it would end once the Department of Commerce could establish "adequate systems" to "fully and efficiently process and collect tariff revenue."
There is widespread bipartisan support in Washington for ending tariff exemptions on low-cost packages from China. Trump's decision to delay came after he imposed a 10% tariff on Chinese goods earlier this week. Goods sent through duty-free packages will now be subject to both existing tariffs — which are 25% for many Chinese products — and the new 10% tariff.
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