Hong Kong is caught in the middle of the trade disputes between the U.S. and China despite being a free port. The former British colony has trade and customs policies different from mainland China’s.
Hong Kong’s post office will stop shipping small parcels to the United States after Washington announced plans to charge tariffs on small-value parcels from the southern Chinese city, the government said Wednesday.
The U.S. government earlier announced that it would end a customs exception allowing small-value parcels from Hong Kong to enter the U.S. without tax, slapping a 120% tariff on them starting from May 2.
