E-commerce Firms Impacted by U.S. Policy Change

The U.S.-China trade deal excludes 'de minimis' exemptions for e-commerce, according to an insider. This comes after the Trump administration terminated duty-free shipping for low-value goods from China and Hong Kong on May 2, affecting many e-commerce businesses.

The U.S.-China trade deal has notably excluded 'de minimis' exemptions, a point of contention for many e-commerce firms. A reliable source provided this information to Reuters on Monday.

This exclusion comes in the wake of the Trump Administration's decision to end duty-free access for low-valued shipments, a privilege many firms counted on, effective from May 2.

The policy affects low-value shipments arriving from China and Hong Kong, removing the duty-free exemption that many e-commerce platforms had benefited from. The change is expected to have significant impacts on the operations of these digital commerce companies.

(With inputs from agencies.)