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Already unhappy US customers will now see much higher prices on a lot of previous unseen goods, due to the expiry on Friday a Long-term tariff exemption on imported goods that cost less than $ 800.
The De Minimis The exemption, as called, expired after midnight 2. May, and the President Donald Trump by 145%, immediately entered the direct effect ordered directly from the Porcelain dealer. Almost a billion cheap packages, worth more than $ 66 billion, were imported to the United States 2023. years, and 67.4% of them were from China, according to a congress report.
A studio Yale and UCLA economists have found that the completion of the exemption will “disproportionately violate lower revenues and minority consumers”. Research indicates that almost half De Minimis Shipments were sent to postal codes with low incomes.
It will be difficult for these customers to miss the impact of tariffs on prices: Several companies plan Make the added cost of tariffs in line items When consumers check out, including Online Quick-Fashion Seller.
Amazon (Amzn) Apparently consideration is such a tariff breakthrough but appeared Withdrawn under pressure from the White House. UPS (UPS)However, he recently dropped the service in which people will be able to see full costs of purchase – including tariffs – before they check.
Shein, topic, Amazon and abundance of smaller companies rely on import and built their business models around the exemptions de minimis. Last month they started Šane and the topic Hiking prices to compensate for tariff costs.
These higher prices will not help Trump’s approval approvals, for up to less than 42% that are partly concerned by Americans about the economy direction and the impact of tariffs. On Thursday, Trump told a Cabinet meeting That the exemption is de minimis “great fraud,” adds, “we put the end.”
The numbers are in charge of collecting tariff payments on all incoming packages from China and Hong Kong. Packages sent via UPS, FedEx (FDX) Both other independent carriers collect a tariff of 145% while customers who receive their shipments will be able to choose whether to pay 120% of the product as a tariff or $ 100 tariff. June, when jumping up to $ 200.
The costs will fall on a person who buys the product if the job that respects the package chooses to pay the tariff upwards.
Congress brought De Minimis Exemption 1938. For goods from 1 or fewer dollars to avoid the cost of collecting small amounts of imported levies. The border was raised several times, recently at 800 USD in 2016. years.
The Trump Management tried to eliminate De Minimis Builhole in February, but she had to postpone tariffs when packets began to be a pile of customs and border protection tried to design a new screener.
2025-05-02 15:00:00
