Reported about 5 hours ago
European freight companies are pausing shipments to the United States in response to the impending end of the de minimis tariff exemption on August 29, which previously allowed goods worth $800 or less to enter duty-free. Retail experts predict that U.S. consumers will face increased prices for affordable goods like clothing and footwear, as this change levels the competitive landscape between U.S. retailers and international players who benefited from the exemption. Retailers are actively adjusting sourcing and pricing strategies to navigate the upcoming challenges.
Source: YAHOO