What consumers can expect as de minimis exemption ends
Summary
As of now, Americans cannot import low-cost foreign goods without paying import taxes. This change happened because the U.S. government stopped allowing packages under $800 to come in without tariffs.Key Facts
- The U.S. government ended a rule that allowed importing cheap goods without tariffs.
- This change affects packages valued under $800.
- Previously, nearly four million packages entered the U.S. each day without import taxes.
- The policy change was put in place by the Trump administration.
- Clark Packard, a trade expert, discussed this change with Amna Nawaz.
- The de minimis exemption is the policy that used to allow these tariff-free imports.
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