Reuters|1 minute read
US Tariff Exemption for Low-Value Packages Ends: Higher Costs on the Horizon
TL;DR
The US has ended its tariff exemption for low-value packages, impacting online shoppers and businesses alike. Here's what you need to know:
- Higher costs are expected as tariffs apply to previously exempt low-value goods.
- Shoppers face order cancellations and delays, with some businesses struggling to adapt.
- Experts predict significant changes in the online shopping landscape.
- The situation raises concerns about the future of affordable goods from overseas.
Here's the full scoop.