Summary/ Overview of US De Minimis repeal and effects

[human1234]

https://www.reddit.com/r/Tariffs/s/sw9Xz1G8lQ

[human1234]

 

[human1234]

 

[enigmatic]

From a different thread 

What the ft article does not mention is, the 15th of August press release said the responsibility of collecting the tariff is on the exporting national postal services so the tariff has to be paid in advance. Normally buyers would need to pay import tax and collect their packages. That is what happens everywhere unless express or DHL etc. Many think this is to “pretend” that the tariffs are paid by foreign countries and not US buyers. Moreover, the us government does not have a system in place to collect and remit these taxes. They only announced these details less that two weeks before the rule goes into effect. It is complete chaos. Finally the ft also didn’t mention that for the first 6 months, the us will charge between 80$-200$ flat rate tariff depending on the new trump tariff imposed. E.g for Switzerland it would be 200$ per parcel given the 39% tariff - this is regardless of the value of the item. You also need to prove country of origin, so for antiques vintage second hand etc there is no solution. It is also not clear how to defund country of origin if items are made from different parts coming from various countries. This situation is also affecting e-commerce platform such as eBay Etsy Depop and many more…. Let’s hope we have another taco Tuesday when everyone stops shipping there and they have announced from new week.

[Pavanonline]

45 minutes ago, enigmatic said:

From a different thread 

What the ft article does not mention is, the 15th of August press release said the responsibility of collecting the tariff is on the exporting national postal services so the tariff has to be paid in advance. Normally buyers would need to pay import tax and collect their packages. That is what happens everywhere unless express or DHL etc. Many think this is to “pretend” that the tariffs are paid by foreign countries and not US buyers. Moreover, the us government does not have a system in place to collect and remit these taxes. They only announced these details less that two weeks before the rule goes into effect. It is complete chaos. Finally the ft also didn’t mention that for the first 6 months, the us will charge between 80$-200$ flat rate tariff depending on the new trump tariff imposed. E.g for Switzerland it would be 200$ per parcel given the 39% tariff - this is regardless of the value of the item. You also need to prove country of origin, so for antiques vintage second hand etc there is no solution. It is also not clear how to defund country of origin if items are made from different parts coming from various countries. This situation is also affecting e-commerce platform such as eBay Etsy Depop and many more…. Let’s hope we have another taco Tuesday when everyone stops shipping there and they have announced from new week.

 

 

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