US ends tariff exemption for all low-value packages
Under an executive order signed by President Donald Trump on Wednesday, packages valued at or under $800 sent to the U.S. outside of the international postal network will now face "all applicable duties" starting August 29, the White House said.
Trump earlier targeted packages from China and Hong Kong, and the White House said the recently signed tax and spending bill repealed the legal basis for the de minimis exemption worldwide starting on July 1, 2027.
"Trump is acting more quickly to suspend the de minimis exemption than the OBBBA requires, to deal with national emergencies and save American lives and businesses now," the White House said in a fact sheet, referring to the bill known as the One Big Beautiful Bill Act.
Goods shipped through the postal system will face one of two tariffs: either an "ad valorem duty" equal to the effective tariff rate of the package's country of origin or, for six months, a specific tariff of $80 to $200 depending on the country of origin's tariff rate.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Independent
2 minutes ago
- The Independent
Lobbyists have spent over $2M on TV ads in Palm Beach hoping to catch Trump's attention at Mar-a-Lago
Lobbyists in Florida have spent around $2 million on cable TV ads in the Palm Beach area in an apparent attempt to catch the attention of Donald Trump. The president is known to be an avid television watcher, both at home at his Mar-a-Lago residence and during trips to his multiple golf clubs for tournaments. Analysis of advertising data from AdImpact showed the immense amount of cash being focussed on advertising in West Palm Beach, with the Wall Street Journal reporting that the strategy is often referred to by interest groups as targeting an 'audience of one.' A total of $3.1 million had been spent in the market in the first four months of 2025, compared to $629,000 in the same timeframe in 2023 and $183,000 in 2021, according to the data. AdImpact notes that cable makes up 69 percent of the spending (just over $2 million), likely targeting the local Fox News cable networks – the president's favored outlet. Both the Journal and Palm Beach Post cite commercials, including one which includes a clip of the president promising cures to cancer and Alzheimer's disease. The ad is produced by a group with ties to the pharmaceutical industry that are trying to lobby Trump to overturn pricing policy implemented by the Biden administration. Another, produced by the Alliance for Automotive Innovation – noted to be one of the top advertisers in West Palm Beach – is more direct. 'Mr President. Together we can drive innovation and American manufacturing. Let's do it,' the ad reads. John Bozzella, the president of the AAI, told the Journal that the commercial was really 'intended to reintroduce the new administration to the country's largest manufacturing sector.' On a wider scale, WSJ analysis also showed that since Trump's return to the Oval Office in January, more than a dozen groups pushing national issues had bought broadcast and cable ads only in Washington, D.C., and West Palm Beach, according to AdImpact. The data shows that overall spending on Fox News has surged in 2025, as advertisers hope to reach Trump's eyes on the network. Through April, Fox News has seen $19.0 million in national spending, representing 69 percent of all national network spending. The surge in activity in the West Palm Beach market since the president's return to office means that the area now ranks third among national-issue advertising markets, ahead of much larger metro-centers such as Los Angeles, Dallas and Chicago. By contrast, before Trump's return and during the 2024 presidential election, West Palm Beach ranked 40th on the list of areas targeted for national issues-based advertising.
The Independent
2 minutes ago
- The Independent
‘Has to sting': MTG turned on GOP after Trump snubbed her ambitions to be governor, expert says
Donald Trump 's apparent reluctance to publicly back Georgia Representative Marjorie Taylor Greene 's gubernatorial bid triggered her potential break with the GOP, according to an expert. Once one of the president's most loyal supporters, Greene ramped up her anti-Republican rhetoric over the weekend, claiming that she had become disillusioned with the party and questioned its treatment of female politicians. In an interview with the Daily Mail, the conservative firebrand blasted the Trump administration's handling of the Jeffrey Epstein case, criticized U.S. strikes on Iran's nuclear facilities in June and condemned Israel over its actions in Gaza. Gabby Birenbaum, The Texas Tribune 's Washington correspondent, pointed to one possible source of Greene's fury: her reported ambitions to run for Georgia governor and Trump's lack of public support. 'I think part of the subtext here, right, is she wanted to run for higher office in Georgia, and reportedly he discouraged her,' she told CNN Tuesday morning. 'I mean, I'm sure that has to sting if you're her.' In public, Greene has maintained that she 'has always been Trump's most outspoken ally,' and there is no 'break' between her and the president. Greene announced last Tuesday (July 29) that she will not run for governor next November, citing a desire to focus on her district and a growing frustration with what she called Georgia's 'good ole boy' political system. 'I am humbled and grateful by the massive statewide support that I have to run for Governor, and if I wanted to run we all know I would win,' she wrote in a lengthy X post. 'It's not even debatable.' Weeks before shutting down rumors surrounding a potential gubernatorial bid, Greene pulled her name out of the race for the U.S. Senate seat up for grabs held by Democratic Senator Jon Ossoff. The Congresswoman was reportedly under fire from GOP colleagues – including Trump – who were concerned she might win big at the conservative primary but come up short in a general election. Trump's political team commissioned a poll that showed Greene losing a potential Senate race in Georgia by double digits, sources told the Wall Street Journal last month. The president reportedly shared the result with Greene to discourage her from running in 2026, the sources added.
Reuters
3 minutes ago
- Reuters
Gold hits near 2-week peak, investors focus on Fed appointments
Aug 5 (Reuters) - Gold prices climbed to a near two-week high on Tuesday, supported by growing expectations of U.S. interest rate cuts, while investors awaited President Donald Trump's decision on Federal Reserve appointments. Spot gold was up 0.3% at $3,382.88 per ounce by 1222 p.m. ET (1622 GMT), after hitting its highest level since July 24 earlier. U.S. gold futures also rose 0.3% to $3,437.40. The dollar slipped 0.1%, making greenback-priced gold more affordable for foreign currency holders. Markets are currently pricing in two rate cuts by year-end beginning in September, after Friday's unexpectedly weak June hiring data, following which Trump fired the commissioner of the U.S. Bureau of Labor Statistics (BLS). "The market is still reeling from last week's data heavy week alongside the Trump administration's decision to replace the head of the BLS," said Daniel Ghali, commodity strategist at TD Securities. "Both of these things play into gold's strength, and certainly corroborate our view that the U.S. dollar is partly losing its store of value function." Gold is used as a safe store of value during uncertainty, and thrives in a low-interest-rate environment as it yields no interest. Meanwhile, Trump said he would announce decisions soon on a short-term replacement for Federal Reserve Governor Adriana Kugler, who announced her resignation on Friday, as well as his pick for the next Fed chair. Spot silver rose 1% to $37.76 per ounce, reaching its highest level since July 30. "I'm more bullish on silver than gold right now. I think silver could break above $40, and if it does, the next target would likely be around $42," said Bob Haberkorn, senior market strategist at RJO Futures. Platinum lost 1% to $1,315.47 and palladium shed 1.1% to $1,193.40. South Africa-based miner Sibanye-Stillwater has asked the United States to consider a tariff on Russian palladium imports to support the long-term viability of U.S. supplies.
