End of 'De Minimis' Tariff Exemption Sparks Global Retail Shift
TL;DR Summary
The US has ended the 'de minimis' exemption, which allowed low-value parcels (up to $800) to be shipped into the country without tariffs, citing concerns over evasion of duties and illegal activities. This change, signed into effect by President Trump, aims to increase tariff revenue and restrict the flow of illegal goods, with a transition period allowing shippers to adjust.
- "De minimis" U.S. tariffs exemption for low-value imports ends CBS News
- A Tariff Loophole on Cheap Imports Has Closed. How Will It Affect Shoppers? The New York Times
- End of an era: Billions of packages of ‘cheap’ goods shipped to the US are now subject to steep tariffs CNN
- Duty-free no more: Parcels worth under $800 no longer qualify for a US tariff exemption AP News
- Retail panic: What the end of the 'de minimis' exemption means for brands across the globe CNBC
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