US ends tariff exemption for all low-value packages

The United States is suspending a "de minimis" exemption that allowed low-value commercial shipments to be shipped to the United States without facing tariffs, the White House said on Wednesday, Reuters reported.

Under an executive order signed by President Donald Trump, packages valued at or under $800 sent to the U.S. outside of the international postal network will now face "all applicable duties" starting on August 29, the White House said.

Trump earlier targeted packages from China and Hong Kong. The tax and spending bill recently signed by Trump repealed the legal basis for the de minimis exemption worldwide starting on July 1, 2027, according to Reuters.

 

Dozens killed while seeking food in Gaza as US envoy heads to Israel

At least 48 Palestinians were killed and dozens were wounded Wednesday while waiting for food at a crossing in the Gaza Strip, according to a hospital that received the casualties. The latest violence around aid distribution came as the U.S. Mideast envoy was heading to Israel for talks, Associated Press reported.

Israel’s military offensive and blockade have led to the “worst-case scenario of famine” in the coastal territory of some 2 million Palestinians, according to the leading international authority on hunger crises. A breakdown of law and order has seen aid convoys overwhelmed by desperate crowds.

U.S. envoy Steve Witkoff, who has led the Trump administration’s efforts to wind down the nearly 22-month war and release hostages taken in Hamas’ Oct. 7 attack that sparked the fighting, will arrive in Israel on Thursday for talks on the situation in Gaza, according to Associated Press.

 

Australia, UK leaders discuss Gaza crisis amid Palestinian state recognition plans

Australian Prime Minister Anthony Albanese said on Thursday that he had discussed the crisis in Gaza with his UK counterpart, Keir Starmer, and reiterated his government's strong support for a two-state solution for Israel and the Palestinians, Reuters reported.

Starmer this week said Britain was prepared to recognise a Palestinian state in September at the United Nations General Assembly in response to growing public anger over the images of starving children in Gaza.

Australia has not yet made a formal decision to recognise Palestine though Albanese supports Israel's right to exist within secure borders and Palestinians' right to demand their own state.

In a statement, Albanese said they agreed on the importance of using international momentum to secure a ceasefire, the release of all Israeli hostages and the acceleration of aid. They also want to ensure militant group Hamas does not play a role in a future Palestinian state, according to Reuters.

Trump announces deal to impose 15% tariff on South Korea

President Donald Trump says the US will charge a 15% tariff on imports from South Korea, in what he called a "full and complete trade deal". 

It comes just a day before a 1 August deadline for countries to reach agreements with the US or be hit with higher tariffs. South Korea had been facing a 25% levy if it had not struck a deal, BBC reported.

Pressure on Seoul had been mounting after Japan, a key competitor in the car and manufacturing industries, secured a 15% tariff rate with the US this week.

The deal, which will also see Seoul invest $350bn (£264.1bn) in the US, has been touted as a success in South Korea - especially given the record trade surplus of at least $56bn with the US last year, according to BBC.