US Edition
Loss of de minimis exemption the latest tariff blow for small businesses
- Entrepreneurs must understand how policies affect their businesses, especially with changing tariffs and taxes.
- Thomas Bayer, a CPA, warns that favorable tax provisions for small businesses could expire, potentially raising tax bills.
- Bayer notes that new childcare tax credits present opportunities for employers who offer such services.
- Bayer encourages business owners to stay updated on tariff trends, stating that being proactive can lead to a competitive edge.
12 Articles
12 Articles
Global mail carriers suspend US shipments before ‘de minimis’ ends
Global mail carriers suspended parcel deliveries to the US in the face of uncertainty over new duties on low-cost packages. US President Donald Trump last month ordered the end of the “de minimis” provision, which allowed goods valued under $800 to enter the US duty-free. The loophole was closed for China and Hong Kong in May, and is set to go worldwide Friday, sparking concern over a lack of information over how it will be enforced. Internation…
By Auzinea Bacon, CNN International postal services are suspending shipments to the United States after the tariff exemption for small packages expires. It's the latest example of how President Donald Trump's sweeping trade policy is affecting consumers and businesses in the country. Starting this Friday, the de minimis exemption—which allowed shipments of goods worth up to $800 to enter the US tariff-free—will be eliminated. It's another blow t…
The industrial sector is going through a period of uncertainty resulting from the application of tariffs by the United States government, and the lack of legal certainty in Mexico complicated the closing of the first half of 2025, indicated José Luis Contreras Valenzuela, president of the Association of Industrialists of the Otay Mesa (AIMO). In recent months, more than 30… Source
From De Minimis to De Misery…
They’ve been coming in thick and fast: the number of European postal services that have announced a stop or temporary suspension on parcels and commercial postal items destined for the U.S. Why? Because of the White House’s decision on 30JUL25, to delete the de minimis exemption from customs duties on parcels worth less than USD 800 for all countries, with effect 29AUG25. The Group’s headquarters in Bonn, Germany. Image: DHL So far, 22 European…
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