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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 PolicyThe 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The de minimis exemption, which had already been repealed for goods from China, will be repealed globally on August 29, adding duties to all imports.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 ...
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