US ends tariff exemption for delivery packages valued at $800 or less | International Trade News

The ‘de minimis’ import tax exemption helped fuel home delivery and the rise of e-commerce in the US.

The US has suspended tariff exemptions for small delivery packages valued at $800 or less, ending a loophole that allowed more than one billion packages to enter the US last year without customs duties.

The loophole is due to end on Friday in the US, followed by a six-month transition period to a new tariff regime.

More than 30 countries, including…

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News Source: www.aljazeera.com

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