💨 Abstract

The Trump administration ends a duty-free exemption on low-value imports from China, effective May 2, 2025. Consumers will face higher prices and delivery delays, while businesses may see increased costs for customs processing and tariffs. Some U.S. companies may benefit from reduced competition with cheap Chinese imports. The move is part of ongoing trade tensions between the U.S.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖