De minimis exemption expires: Low-cost imports to U.S. now face new tariffs
By
ajd555
Leave it on the tray for the seagulls.
Summary
The de minimis exemption that allowed goods worth $800 or less to enter the U.S. duty-free has expired. This change, effective Friday, means low-cost shipments are now subject to additional levies of 10-50% (based on country of origin tariff rates) or a flat fee of $80-$200. Small businesses, shippers, and consumers are scrambling to adapt to the new guidelines.
Key quotes
· 3 pulledFor nearly a century, the de minimis rule allowed low-cost merchandise to bypass import tax.
But it expired at 12:01 a.m. Friday, meaning such shipments are now subject to an additional 10 to 50 percent levy that coincides with the tariff rate of the country of origin, or a flat rate of $80 to $200, depending on which option the merchant chooses.
Consumers, shippers and small businesses at home and abroad are in flux as an exemption that allowed goods worth $800 or less to enter the United States duty-free came to an end.
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