Fox Business|1 minute read
European and Asian Postal Services Cut Shipments to the US: What You Need to Know
TL;DR
European and Asian postal services have decided to halt shipments to the US due to the recent end of the de minimis tariff exemption. This means that packages valued under $800 will face tariffs, disrupting the usual flow of cheaper goods into the US market.
Key points include:
- Postage services are suspending shipments to avoid hefty tariffs.
- The de minimis rule change affects small packages, increasing costs for consumers.
- Major companies like DHL are joining the suspension to manage chaos at customs.
- Impacts on e-commerce and consumers are expected to spike as delays and costs rise.
Here's the full scoop.