00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Etsy shares fell into the Trump administration
00:04into the $800 duty-free to minimize import exemption,
00:07according to Benzinga.
00:08Change disrupts international shipping
00:10and straining the platform's global seller network.
00:12Policy effective Monday forces tariffs on lower-value goods,
00:15leaving postal services in South Korea, Sweden, Denmark,
00:18and the Czech Republic to suspend shipments to the U.S.
00:21Shipping haul cuts off Etsy's international sellers
00:23from U.S. buyers, while looming import duties
00:26risk raising costs and weakening cross-border demand.
00:29Shares closed down 8.41%.
00:31For all things money, visit Benzinga.com.
Comments