Hey everyone! In a surprising move, the US has dropped the small-parcel tax break for shipments from the Chinese mainland. Starting this Friday, a hefty 120% tariff on these packages kicks in, replacing the old "de minimis" tax–exempt policy.
This change means prices are set to soar 📈 and delivery delays could be on the horizon 🚚. According to the US Chamber of Commerce, these tariffs might cause irreversible impacts on American small businesses, squeezing consumers and online sellers alike.
For those of us scrolling through our smartphones during late-night online shopping sprees or managing our own e-commerce gigs, this serves as a reminder of how global trade decisions can touch our daily lives. Keep an eye on your price tags and delivery times, and stay informed!
Reference(s):
cgtn.com
