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Trump’s closure of the de minimis tariff loophole sent postal traffic to the U.S. to a ‘near-halt’

Trump’s closure of the de minimis tariff loophole sent postal traffic to the U.S. to a ‘near-halt’

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” …

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