End of 'De Minimis' Tariff Exemption: Impact on US Parcel Shipments and Online Shopping

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Source: The Hill
End of 'De Minimis' Tariff Exemption: Impact on US Parcel Shipments and Online Shopping
Photo: The Hill
TL;DR

The U.S. de minimis tariff exemption for goods valued at $800 or less is ending following an executive order by President Trump, leading to increased shipping restrictions and potential impacts on major retailers and importers, with some countries suspending shipments to the U.S. due to new compliance and duty collection concerns.

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