4. during t's last presidency, he issued section 301 duties which meant any shipment from China would have 25% owed duties on top of it
5. de minimis packages were able to bypass the 25% and we'd owe $0
6. the new +10% increase isn't just 10% because now de minimis is revoked from all CN imports
5. de minimis packages were able to bypass the 25% and we'd owe $0
6. the new +10% increase isn't just 10% because now de minimis is revoked from all CN imports
Comments
8. you will owe a minimum of 35% on every import from China
hts code: 3926.40.90
base duty rate: 5.3%
section 301: 25%
new law: 10%
duty owed on a $100 order of acrylic charms =
$100 x (5.3% + 25% + 10%) = $40.30
other shipping companies will have to employ a large brokerage team
currently almost no one is classifying small packages correctly
if a company has to classify items? brokerage fee.
cbp is accepting comments on this change until the end of March so no change yet