Trump tariffs: global parcel shipments to US lose exemption

Trump tariffs: global parcel shipments to US lose exemption

Customs agency starts collecting full duties on Friday as Donald Trump ends de minimis exemption for packages worth under $800 The US tariff exemption for package shipments valued under $800 officially ended on Friday, raising costs and disrupting supply chain models for a range of businesses, with Trump administration officials saying the change would be permanent. There is now a six-month transition period under which postal service shippers can opt to pay a flat duty of $80-$200 per package depending on the country of origin, the officials added. Continue reading...