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Chinese Firms Cutting Back on Shipping of Small Packages to US
The Straits Times
|March 22, 2025
Chinese companies cut back on the small packages they shipped to the US in February, as US President Donald Trump looks to close off trading and impose tariffs on all imports from China.
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BEIJING -
In February, the value of the small packages that were shipped from China to the US fell by almost 5 per cent from a year earlier, according to data released on March 20 by the Customs authorities in Beijing.
The drop came after the Trump administration threw trading into chaos with the sudden announcement in early February that it would act to impose a levy on all goods coming from China and end the loophole that allows items with a declared value under US$800 (S$1,068) to enter the US tariff-free.
Denne historien er fra March 22, 2025-utgaven av The Straits Times.
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