Hong Kong will halt small parcel shipments to the US following Washington's announcement of impending tariffs, the government confirmed on Wednesday.
The move comes in response to the US government's decision to end a customs exemption for low-value parcels from Hong Kong. This exemption, known as the "de minimis" rule, currently allows tax-free entry for shipments valued under $800. Starting May 2nd, these parcels will face a hefty 120% tariff.
