As Trump moves to tax small parcels, some retailers give up on U.S.

News Snapshot:

As the United States ends a tariff exemption for small parcels on Friday, some retailers have stopped selling to U.S. customers while others are seeking temporary workarounds in the hope the tariff rate may be reduced. The removal of “de minimis” – duty-free treatment of e-commerce packages worth less than $800 – for products originating from China and Hong Kong exposes those goods to tariffs of 145 per cent on most Chinese goods following U.S. President Donald Trump’s decision last month. The move upended global trade and triggered retaliation from Beijing. British beauty products retailer Space NK has paused e-commerce...