The US Department of Homeland Security announces increased targeting of individuals and entities involved in circumventing free trade agreements by flooding the market with low-value small package goods from China.
While there is mounting concern over the high-value Chinese exports flooding global markets, late last week the US flagged a crackdown on China ’s rapidly rising tide of low-value small package goods .
That exception, which dates back to 1938, matches the value of items that Americans can bring home duty-free after travelling abroad. There’s been little scrutiny – or, at least there hasn’t been – of small parcel imports. The DHS said on Friday that it will increase screening and testing of packages, expand customs audits and verifications and conduct “special operations” ensure compliance.
China remains the world’s largest and lowest cost platform for manufactured goods and the weak domestic demand and excess capacity in that manufacturing base threatens another flood of the cheap products that wiped out large swathes of Western manufacturing industry in the 1990s and beyond, even as the country’s leadership sets its eyes on higher value and more strategic sectors.
US China Small Package Goods Free Trade Agreements Crackdown
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