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US to Cut 'De Minimis' Tariff on China Shipments to 54% From 120%
HONG KONG (Reuters) -A White House executive order said on Monday that the U.S. would cut the "de minimis" tariff on China shipments to 54% from 120%, with a minimum flat fee of $100 to remain starting from May 14. (Reporting by Brenda Goh in Shanghai and Farah Master in Hong Kong; Editing by Muralikumar Anantharaman)
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