UPDATE 3-China low-value package exemption ends with questions over US tariff collections, logistics

News Snapshot:

The Trump administration ended U.S. duty-free access for low-value shipments from China and Hong Kong on Friday, removing the "de minimis" exemptions availed of by Shein, Temu and other e-commerce firms as well as traffickers of fentanyl and other illicit goods. The action restores an executive order from President Donald Trump in February that was quickly suspended due to a lack of screening procedures for sub-$800 shipments that sparked chaos at airports and caused millions of packages to pile up. U.S. Customs and Border Protection has "a massive task at hand" but is ready to handle the enforcement and collection...