Washington halts duty-free access for low-value goods from China and Hong Kong

The exemption of tariffs for small-value shipments is an internationally recognized practice adopted by many countries. It not only provides foreign exporters with greater market opportunities but also significantly reduces costs for domestic importers. Both manufacturing industries reliant on these small-value, tax-exempt goods and consumers have benefited substantially from such policies, said Zhou Mi, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation.

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