Trump closes the online shopping loophole that beat tariffs
An executive decree of President Trump will eliminate the minimis The exemption from global prices, which essentially does everything you buy subject to prices from the country of origin.
The order will take effect on August 29 at midnight, on the goods which enter the country or which will be withdrawn from a warehouse for consumption.
THE minimis The exemption allows the import of goods evaluated by less than $ 800 in the United States without being a tariff. In other words, it is a way for consumers to buy one or two items from Amazon, Shein or another site without having to pay a price in addition to the sales tax. With the revocation of the exemption, you will pay taxes and prices, both – which are largely the same thing, anyway.
Trump deposited the prescription on Wednesday. In April, Trump “declared a national emergency with regard to the underlying conditions indicated by the major annual deficits in the trade in American goods”, but left the minimis exception in place. Trump said at the time that the Ministry of Commerce could not adequately treat prices on small articles.
Trump’s order said that the Secretary of Commerce reports that these systems are now in place and that prices will be applied.
Trump had taken prices on China and Hong Kong in response to what he said was the illegal import of opioids. In his order, Trump said that there were still “unusual and extraordinary threats” which exist in whole or in part outside the United States, and that these threats justified the suspension of minimis exemption.
What happens to your purchases now that the minimis exemption has disappeared?
Essentially, everything you buy abroad will be subject to prices, including goods sent by the international postal network.
If your package is sent from a country with a price rate of less than 16%, your package will be assessed $ 80 per item. If the price rate is between 16 and 25%, you will pay $ 160 per article. And if the rate is greater than 25%, you will pay $ 200 per article.
The rate rate is evaluated on the “country of origin” of the product, indicates the order. Each notable “article” is equivalent to a single package, he says.
Again, the exception of minimis will be revoked on August 29, which means that you will have to order soon.
