Tariffs Spike: The End of Cheap Imports and Its Impact on US Consumers
The United States has ended the de minimis rule, which previously allowed low-value imported goods to enter duty-free. As of a specific time, all imported goods, regardless of value, are now subject to tariffs ranging from 10% to 50%, potentially impacting prices for consumers. Delivery services globally had already begun making adjustments, with some suspending services while others anticipate delays. While this change could increase costs for some shoppers, it could also level the playing field for some American small businesses by reducing the competitive advantage of foreign e-commerce giants who had benefited from the exemption.
John Q. Hosedrinker