De minimis: How US shoppers will be hit as the tariff exemption ends
Source: BBC
Osmond Chia & Laura BlaseyBusiness reporters in Singapore & Washington DCGetty ImagesThe US has pulled the plug on a long-running global tariff exemption that has been widely used by buyers of low-cost goods.From Friday, imports valued at $800 (£592) or less will no longer be duty-free and will face tighter customs checks, in a move set to affect millions of shipments a day.Last year, almost 1.4 billion packages…
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