US President Donald Trump just treated another blow to the embarrassment Business industrywhich still prevents sweep rates that Trump has announced in the spring. On Wednesday, Trump signed an executive order by widening the impact of these rates and making it more expensive for Americans to buy foreign products on websites like eBay, Etsy and Amazon.
The order removes the so -called “De Minimis” supply, a long policy that allowed people in the United States to import packages estimated at less than $ 800 from anywhere in the world tax. These packages will now be subject to the same country specific rates as larger shipments, according to A factual sheet Released by the White House.
Trump already Removed From the exemption of Minimis for Chinese goods earlier this year. The president’s new executive order now removes it for every other country starting on August 29 until then, experts say that many foreign vendors and US companies with foreign warehouses will be scraping to enter their goods in the United States. “Wait a lot of sales as brands try to liquidate their foreign inventory in the next 30 days,” Aaron Rubin, general manager of the logistics firm Shiphero, said in A Social Media.
There are some temporary exceptions for packages through international mail networks, meaning shipments not handled by private companies such as DHL or FedEx. Because it is difficult for customs officials to easily calculate the value of these packages, they will be subject to a fixed rate rate between $ 80 to $ 200 per item, at least for now. The Trump administration says this special rate rule will expire after six months, when all shipments will then be taxed according to the country’s specific rates that Trump has begun negotiating with single countries like Japan.
Minimis exemption was originally designed to allow us travelers to bring domestic gifts and items purchased abroad for personal use without paying duties. But as the trading industry has grown, the rule has also made it cheaper and more efficient for Americans to order goods from all over the world. Until this year, foreign vendors often used the trade gap to send packages directly to the doors of US consumers at a very low cost. According to US customs data and border protection, the United States receives 4 million minimum shipments daily.
Some of the biggest beneficiaries of the policy were Chinese trading platforms like Shein and BeforeWhich used by minimum shipments systematically to maintain prices low and also build supply chains that could respond to consumer demand in real time. They were the first in a victim of Trump’s rates when he released an executive order in April removing the exemption for packages coming from China.
When the exemption exemption was over, some analysts feared it would be an extinguishing-level threat to the Chinese business sites, but they learned to adapt and resume normal operations for the most part. Temu and Shein, however, did raise prices About many products to calculate the additional costs of the new rates.
