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President Donald Trump has suspended a tax perk for all countries, which allowed cheap packages to flow into the country duty-free and American consumers to shop at ultra-low-priced e-commerce sites.
UPS recently reported underwhelming earnings numbers, and things could get worse for its business in the near future.
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Soy Aire on MSNU.S. Suspends 'De Minimis' Exemption: A New Era in Trade Policy
The suspension of the 'de minimis' exemption by President Trump marks a significant shift in U.S. trade policy, impacting ...
Low-cost products have long been exempt from high tariffs but, as the "de minimis" tariff exemption is slated to be axed at ...
The U.S. will end duty-free treatment for low-value imports globally, shaking up cross-border e-commerce and targeting trade ...
The de minimis exemption, which had already been repealed for goods from China, will be repealed globally on August 29, adding duties to all imports.
Low-value parcels coming from other countries will no longer evade tariffs under the executive order President Trump signed ...
US shoppers who buy low-cost items from overseas will face higher fees from the end of August after President Donald Trump ...
Trump also signed an order saying that government now had the systems in place to close the tariff loophole on “de minimis” ...
Many have wondered how Temu stays in business. Not only does the online discount retailer manage to offer some shockingly low ...
Many sellers found workarounds by doing things like routing their shipments through Macau. But a new executive order will end the de minimis exemption on packages shipped from any country starting on ...
On July 30, the White House issued three executive orders in another flurry of changes to the tariff landscape. As a result of the executive ...
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