Tag Archives: minimis

Postal traffic into the United States plunged by more than 80% after the Trump administration ended a tariff exemption for low-cost imports, the United Nations postal agency said Saturday. The Universal Postal Union says it has started rolling out new measures that can help postal operators around the world calculate and collect duties, or taxes, after the U.S. eliminated the so-called “de minimis exemption” …

Lululemon Says Closure of De Minimis Hole Will Crush Margin  Bloomberg How Lululemon fell out of fashion  economist.com Lululemon is feeling the squeeze, and its CEO says the brand’s gotten predictable  Business Insider Lululemon shares plunge as earnings guidance falls well short of estimates  CNBC Lululemon shares slide as tariffs and weaker sales take their toll  BBC Source link

Trump closes the ‘de minimis’ shipping loophole. Etsy and eBay shares have tumbled.  MarketWatch Online Shopping May Never Be the Same  The Atlantic Trump’s trade war has come to your Etsy shopping cart  MSNBC News Rocky waters ahead for British artist stopping sales to customers across the pond  NBC News Etsy, eBay, and Shein reel as ‘de minimis’ tariff exemption ends, adding hefty charges …

Trump ends de minimis exemption for tariffs, imposes copper, Brazil levies  Axios Trump ends international tax loophole: What it means for consumers, businesses  Axios Trump ends de minimis exemption for global low-cost goods  CNBC White House to end US tariff exemption for all low-value overseas packages  The Guardian President Trump suspends de minimis exemption for low-value imports  CBS News Source link

A U.S. postal worker delivers Amazon boxes outside of the New York Stock Exchange on Oct. 11, 2018. Spencer Platt | Getty Images President Donald Trump on Wednesday signed an executive order ending the de minimis trade loophole for low-value packages shipped from all countries. The order, which takes effect Aug. 29, will subject any shipments of imported goods into …

President Trump on Wednesday signed an executive order suspending what’s known as a de minimis exemption allowing low-value parcels that are shipped to the United States to avoid tariffs.  The White House said it’s closing what it called a “catastrophic loophole” that shippers use to “evade tariffs and funnel deadly synthetic opioids or below-market products” into the U.S. The order …