US Edition
Billions of ‘Cheap’ Goods Now Subject to Steep Tariffs
The end of the duty-free exemption affects billions of low-value imports, imposing tariffs of 10 to 50 percent and disrupting delivery services worldwide, officials said.
- A longstanding loophole allowing billions of small, low-value packages to enter the U.S. duty-free expired recently, ending a major shift in American shopping habits.
- This change results from the Trump administration imposing new tariffs that apply regardless of package value, replacing the nearly century-old de minimis exemption.
- Delivery services worldwide have suspended some small-package shipments to the U.S., and officials warn these duties could cause delays, job losses, and slower economic growth.
- Sean Henry, CEO of Stord, stated last year the impact exceeded $65 billion and noted the new fees may appear directly in customers’ shopping carts.
- This policy shift suggests a push to encourage local purchasing and could reshape global trade patterns, as India and other countries also adjust their export strategies amid rising tariffs.
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India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs
India moves to cut taxes on hundreds of consumer goods ranging from air conditioners to small cars to bolster local consumption and cushion the economy from the blow of steep U.S. import tariffs.
·United States
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Goods Imports Rose in July Ahead of Tariffs
The U.S. goods trade deficit widened in July as imports of oil and industrial supplies surged, driven by strong domestic demand and possible stockpiling by importers ahead of President Donald Trump’s new tariff rates for individual countries that took effect on Aug. 7. According to data released by the U.S. Census Bureau on Aug. 29, the U.S. goods trade deficit jumped 22.1 percent in July from June to $103.6 billion, driven largely by a surge in…
·New York, United States
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Total News Sources11
Leaning Left4Leaning Right4Center2Last UpdatedBias Distribution40% Left, 40% Right
Bias Distribution
- 40% of the sources lean Left, 40% of the sources lean Right
40% Right
L 40%
C 20%
R 40%
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