How a Big Decision Affects Our Small Packages
We might not be getting our packages from DHL. Like many others, they’ve temporarily suspended deliveries on imports. The reason is tariff uncertainty. The De Minimis Tariff. History. Because customs wanted to avoid “spending a dollar to collect 50 cents, ” it made no sense to tax cheap imports. As a result, since 1938, inexpensive packages have been entering the U.S. duty free. In the beginning, the threshold was $1. Raised several times by the Congress, more recently, the no-tax amount climbed to $800.Then though, on February 1, the President ended the exemption and also slapped an extra 10% on all Chinese imports. ….[READ]
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