Tarrifs

[walshjp17]

FYI: (Excerpt from NBC News, 04/03/25)

Trump yesterday signed an executive order shutting the de minimis trade loophole, effective May 2.

Trump in February abruptly ended the de minimis trade exemption, which allows shipments worth less than $800 to enter the U.S. duty-free. The order overwhelmed U.S. Customs and Border Protection employees and caused the U.S. Postal Service to temporarily halt packages from China and Hong Kong. Within days of its announcement, Trump reversed course and delayed the cancellation of the provision.

Yesterday's announcement, which came alongside a set of sweeping new tariffs, gives customs officials, retailers and logistics companies more time to prepare. Goods that qualify under the de minimis exemption will be subject to a duty of either 30% of their value, or $25 per item. That rate will increase to $50 per item June 1, the White House said.

Use of the de minimis provision has exploded in recent years as shoppers flock to Chinese e-commerce companies Temu and Shein, which offer apparel at ultra low cost, electronics and other items. U.S. Customs and Border Protection has said it processed more than 1.3 billion de minimis shipments in 2024, up from more than 1 billion shipments in 2023.

 

[rixstix]

The thing many news outlets are neglecting to include is that the de minimis elimination only applies to China & Hong Kong. AFAIK

 

[jeff]

To address reports about this thread...

We have been allowing discussion of the tariffs because they affect an important source of supply for pen hardware. As long as we can stick to the facts about tariffs and avoid partisan political posts, we can continue the discussions.

 

[maxwell_smart007]

I think the tarrif rate for your de minimus exemptions is going up again? It's hard to follow to determine what's current and in effect, but that seems to be the gist of this:

Sec. 3. De Minimis Tariff Increase. To ensure that the imposition of tariffs pursuant to section 2 of this order is not circumvented and that the purpose of Executive Order 14257 and this action is not undermined, I also deem it necessary and appropriate to:
(a) increase the ad valorem rate of duty set forth in section 2(c)(i) of Executive Order 14256 from 30 percent to 90 percent;
(b) increase the per postal item containing goods duty in section 2(c)(ii) of Executive Order 14256 that is in effect on or after 12:01 a.m. eastern daylight time on May 2, 2025, and before 12:01 a.m. eastern daylight time on June 1, 2025, from 25 dollars to 75 dollars; and
(c) increase the per postal item containing goods duty in section 2(c)(ii) of Executive Order 14256 that is in effect on or after 12:01 a.m. eastern daylight time on June 1, 2025, from 50 dollars to 150 dollars.

Does that mean that every small package that you order is going to cost you 150 dollars in duty?