What's Happening?
The U.S. has terminated the de minimis exemption, which allowed tariff-free imports under $800, impacting global supply chains. Logistics firms face profit cuts, while e-commerce platforms see price hikes on imported goods. The policy shift aims to protect domestic industries and curb counterfeit goods.
Why It's Important?
The end of the de minimis exemption is a significant change in trade policy, affecting logistics, e-commerce, and manufacturing sectors. Companies must adapt to increased tariffs and compliance costs, potentially leading to higher consumer prices and shifts in supply chain strategies. The policy could benefit domestic industries but poses challenges for international trade.
