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View all search resultsThe eventual cancellation of de minimis means the more than 1 billion small-value e-commerce packages arriving annually in the United States with goods coming directly from China must switch to an entry process that requires additional information and duties, adding time and cost.
The Prabowo Subianto administration has announced an ambitious economic stimulus package for 2025, aimed at softening the blow of a planned increase in the value-added tax (VAT) rate. The measures target low- and middle-income Indonesians, as well as micro, small, and medium enterprises (MSMEs) and labor-intensive industries, in what analysts view as a populist move to mitigate potential backlash against the tax hike.
The package would be the second-largest economic stimulus in US history, following a $2.3 trillion aid bill passed in March. It comes as the pandemic accelerates, infecting more than 214,000 people in the country each day. More than 317,000 Americans have already died.
China reported several cases of frozen food packaging contaminated with the novel coronavirus this week, while New Zealand said it is investigating the possibility that its latest COVID-19 cases could be traced to imported freight.
A city in China's eastern Anhui province found the novel coronavirus on the packaging of shrimps from Ecuador, state media reported on Wednesday, in the latest instance of the virus being detected on imported products.
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