Washington ended the “de minimis” exemption for mainland China and Hong Kong on Friday, which had allowed products valued at US$800 or below to be shipped to the United States duty-free. While there are indications Washington and Beijing are moving towards easing their tit-for-tat tariff war, businesses in Hong Kong and the mainland have already…
Hong Kong e-commerce businesses and American consumers are expected to be most affected by DHL Express’ temporary suspension of business-to-consumer shipments worth more than US$800 addressed to individuals in the US, industry representatives have predicted. But they said they expected the pause would be temporary as US customs worked to clear a backlog of packages…
Hong Kong’s postal service provider will stop accepting airmail parcels to the United States in 10 days after suspending the handling of US-bound packages by land and sea on Wednesday amid the coming tariff increase. US President Donald Trump last week announced plans to further raise tariffs on small parcels sent to his country from…
Confusion has reigned since the United States Postal Service stopped accepting parcels from Hong Kong and mainland China and then quickly reversed its decision. The temporary suspension caught users of Hongkong Post and China Post off guard, with the former deciding not to accept any parcels for the US until clarifying issues surrounding the service….
Private courier firms are maintaining parcel deliveries to the United States despite Hongkong Post’s suspension of such services after the US flip-flopped on its mailing rules, although customers face higher costs and must provide additional documentation. Major courier firms including SF Express, DHL, FedEx, UPS and JD Express confirmed that they were continuing to accept…
If Donald Trump wins next week’s election and returns to the Oval Office in January, it will have direct consequences for U.S. business and the economy—and by extension for individual Americans’ stock portfolio. This means it’s a good time for investors to assess their holdings and to consider what sectors might thrive or suffer under…