De minimis tariff exemption ends today - what does it mean for your business?
For Thisismoney / Mail Online: The de minimis tariff exemption, enabling UK businesses to send low value goods to the US without any customs duties, ended today (and for most other countries around the world). We're keen to hear from UK retailers and other businesses that are being impacted by the new shipping tariff/duties that Trump is implementing. One small retailer on Newspage has said it's “runining small businesses” as nobody seems to know what's going on. Trump has basically scrapped the $800 De Minimis exemption and there will now be an $80 charge on all low-value parcels to the US (potentially restricting demand) or a 10% tariff paid by the seller when paying for the postage (potentially hitting British companies selling and sending smaller items to the US, making it non-profitable). Any thoughts on this, or if you're impacted, tell us all about it. This story will be written today so get your skates on.


