Trump reduces tax on cheap imports from China

Hours after announcing a 90-day mutual reduction in tariff rates with China, the White House has followed up by confirming a similar reduction on duties for cheap imports from the country.

From May 14th, packages from Hong Kong and China valued below $800 will be subject to either a 54 percent tariff — down from 120 percent — or a flat $100 per-parcel fee, which hasn’t changed. Export companies retain the ability to decide whether they want their goods to be taxed at a flat rate or by percentage.