in the past, US buyers of pipes and other goods from retailers in Europe, China and other foreign countries paid no import tariffs if the value was less than $800 pursuant to what is known as the de minimis exception. There was little or no paperwork to complete. That is about to change on Friday according to the New York Times and other media outlets. Already international shippers like DHL have suspended shipping such products to the US in a wait-and-see approach on how the new tariffs on these smaller orders will be collected and how much paperwork will be required.
Under the new rules, letters and personal gifts worth less than $100 will still be duty-free.
”The White House said ending the de minimis exemption would help combat “escalating deceptive shipping practices, illegal material, and duty circumvention,” claiming some shippers had “abused” the exemption to send illicit drugs such as fentanyl into the U.S.”
Link to NBC News article:
www.nbcnews.com
Under the new rules, letters and personal gifts worth less than $100 will still be duty-free.
”The White House said ending the de minimis exemption would help combat “escalating deceptive shipping practices, illegal material, and duty circumvention,” claiming some shippers had “abused” the exemption to send illicit drugs such as fentanyl into the U.S.”
Link to NBC News article:
More postal services pause shipments to U.S. with 'de minimis' loophole set to expire
The crackdown on small-dollar imports has left businesses and consumers scrambling.
www.nbcnews.com
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