Impact of US Tariff Exemption Expiration on Small Businesses

Reported 1 day ago

As the US tariff exemption for small packages ends, international postal services are suspending shipments, swirling uncertainty over customs processes. Starting August 25, the 'de minimis' exemption for goods under $800 will be eliminated, causing challenges for e-commerce sellers and likely leading to increased costs for consumers. Businesses like Abbott Atelier Jewelry and Wool Warehouse have already begun pausing or ceasing shipments to the US, with many looking to adjust their pricing models to accommodate the new tariffs.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis