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The escalating trade war between the US and China saw President Donald Trump raise tariffs even further on small parcels that were until now exempt from taxes.
The US will tax imports of items priced up to $800 at the rate of 90 percent of their value, up from a previous plan to levy a 30 percent ad valorem tax, according to the amendment on reciprocal tariffs published by the White House Wednesday.
While the tax exemption on items of marginal value under a rule dating back to the 1930s was…
