94Ha Viewpoint
On the evening of May 12, American customers placed orders for US$100,000 in goods from China merchants after tariff reductions (the tariff on RV awnings dropped from 153.8% to 38.8%). Ding Linfeng, general manager of Shanghai Weierda Shade Equipment Co., Ltd., received the order that night.
On May 12, local time, the White House official website issued Trump’s revised executive order to reduce the ad valorem rate for small packages worth less than $800 from 120% to 54%, while maintaining the specific tariff of $100 per package., and revoke the original plan to increase the specific tariff on small postal items from $100 to $200 on June 1. Previously, the U.S. T86 tax exemption policy allowed imported goods worth less than US$800 to enjoy duty-free treatment. With the cancellation of this policy, all goods sent from China to the United States must complete the customs declaration procedures in accordance with the law and pay relevant taxes and fees. Many cross-border merchants who previously enjoyed the T86 tax exemption policy told Shell Financial that they are still in the wait-and-see period and will adjust prices to adapt to the market. In the future, they will continue to pay attention to the tax rate adjustment after the 90-day buffer period.
