The United States on August 29 ended tariff exemptions on small packages entering the country from abroad, in a move that has sparked concern among small businesses and warnings of consumer price hikes.
Breakdown
- The U.S. has ended duty-free imports for parcels worth less than $800. 41s
- Postal services in many countries have suspended shipments to the U.S. 28s
- The policy aims to address low-cost imports and support American industries. 1m 24s
- Postal services are working to establish new customs duty payment processes. 1m 0s
- The U.S. previously removed the exemption for goods from China, collecting significant tax revenue. 1m 15s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.