End of US Tariff Exemptions Sparks Changes for Online Shoppers and Businesses

1 min read
Source: NPR
End of US Tariff Exemptions Sparks Changes for Online Shoppers and Businesses
Photo: NPR
TL;DR Summary

The US is ending its nearly century-old de minimis trade exemption, which allowed small-value imports to bypass tariffs and inspections, due to concerns over safety, unfair advantages to foreign companies, and trade deficits. Starting Friday, all US-bound shipments will be subject to duties and tariffs, leading to disruptions in international shipping and potential benefits for consumer safety and fair trade, but also causing delays and adjustments in global logistics.

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