US EditionWhat the Scrapping of the 'De Minimis' Tariff Exemption Means for Small Businesses and You
CANADA, AUG 10 – The US will end the $800 tariff exemption on small shipments from Canada starting Aug 29, impacting many small businesses with increased customs costs, experts say.
4 Articles
4 Articles
New tariff policy will empty Americans’ wallets
On July 30, the White House released its executive order suspending the de minimis treatment for all foreign shipments of consumption goods. The previous de minimis policy, which allowed international shipments valued $800 or less into the U.S. duty-free, will be phased out on Aug. 28. Ranging from combating the fentanyl crisis to ameliorating “large and persistent” trade deficits, the administration offers myriad half-baked justifications for t…
The United States is about to end its nearly century-old de minimis policy, a policy that has exempted low-value goods from tax. Small businesses in Ontario and other parts of Canada are worried that this change could severely damage their cross-border business.
Scraping of 'de minimis' tariff discount means small businesses and you
Regarding tariffs between the US and Canada, back and forth, again, caused confusion and uncertainty on both sides of the ... Read more The post Scraping of ‘de minimis’ tariff discount means small businesses and you appeared first on The Local Report.
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