U.S. to impose tariffs on small parcels with contents valued under US$ 800 starting Aug. 29

As part of his push to boost American manufacturing, U.S. President Donald Trump signed an executive order on Wednesday, ending the long-standing exemption that allowed duty-free imports of low-cost parcels into the U.S.

Starting on August 29th, shipments valued under 800 U.S. dollars will no longer be exempt from tariffs, instead they'll be taxed based on the item and its country of origin, to close what was described as a "tariff loophole."

Trump said the policy shift is aimed at reducing U.S. dependence on foreign goods and narrowing trade deficits that he argues have disadvantaged American workers.