End of U.S. duty-free rule could crush some Canadian businesses
CBC Canada · 12 days ago
CBC Canada
12 days ago
On Friday, the U.S. will end its de minimus exemption rule on goods shipped into the country valued under $800, leaving some Canadian businesses bracing for a big hit in sales.
Breakdown
- The de minimis exemption, allowing duty-free shipments up to $800 to the U.S., is ending. 54s
- Canadian businesses expect to pay significant new fees for U.S. shipments, even for low-value items. 30s
- Small businesses that rely on U.S. sales are likely to be disproportionately affected. 1m 4s
- Some retailers have already stopped shipping to the U.S. due to increased risk and costs. 1m 32s
- Industry groups say businesses will need to adjust to a new environment without the exemption. 1m 45s