The United States officially ends its tax-free policy for small packages from China, and many retailers from various countries have stopped shipping to the United States.

On May 2nd local time, the United States officially ended its tax-free policy on small Chinese packages. This move is unfounded, not only does it not solve its own problems, but it also disrupts Sino-US economic and trade cooperation as well as the normal international trade order. According to foreign media reports, as a result, some retailers in certain countries have recently adjusted or even suspended their business with the US. Some e-commerce platforms have had to restructure their logistics systems, resulting in some products seeing price increases of over double, and users commonly complaining about delayed shipments. Some foreign brands have stopped shipping to the US, and some small and medium-sized enterprises have even chosen to withdraw from the US market. Meanwhile, some American domestic businesses are also making adjustments. The Wall Street Journal revealed that a certain shoe brand in the US has transferred its inventory from Canada to local warehouses in the US because a pair of Chinese-made sneakers originally priced at $175 US dollars would incur over $300 US dollars in taxes if shipped through Canada. Not only are businesses affected, but consumers are also feeling the pressure. They are seeing noticeable price increases, and experts point out that this policy particularly affects low-income families because they rely more on lower-priced cross-border e-commerce goods, such as clothing, daily necessities, and small electronic devices. Clark Packard, a researcher at the Cato Institute, pointed out in a local media interview that this policy appears to be tough on China, but it actually means increased taxes for American consumers. He stated, "This means higher prices, slower logistics, and consumers are paying the price for this policy." According to a report released by the American Consumer Institute in April, this policy could result in a total annual loss of up to $47 billion for businesses and consumers, with low-income groups being the hardest hit. This article is from "Finance Network"; GMTEight editor: Liu Xuan.