- The $800 De Minimis duty-free import exemption into the U.S. is eliminated effective August 29, 2025.
- All imports, regardless of value, will now be subject to tariffs based on IEEPA classifications.
- Tariffs: 16% or less = $80/item; 16%-25% = $160/item; above 25% = $200/item.
- Importers and eCommerce retailers will face higher costs, especially for goods from high-tariff countries like China.
- Businesses must recalculate costs and prepare for more customs declarations.
Source: fintua.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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