End of De Minimis Tariff Exemption Impacting Global Shipping and U.S. Consumers
The recent termination of the de minimis tariff exemption has sent shockwaves through the global shipping and online shopping landscape. As of now, parcels valued under $800 will no longer qualify for duty-free treatment, leading to higher prices for consumers and uncertainty for small businesses dependent on affordable shipping. Many U.S. shoppers report canceled orders and delays, as international postal services from over 30 countries, including major players in Europe, India, and Mexico, suspend shipments to the U.S. due to the new tariff rules. The changes are anticipated to create challenges for online purchases, pushing prices up and complicating logistics for businesses that relied on this crucial tariff loophole. Experts suggest that the end of the de minimis exemption could lead to inflationary pressures and a significant shift in how Americans approach online shopping.
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