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  • 1 year ago
Trump’s decision to end tariff exemptions on low-value imports is hitting U.S. consumers and small businesses with surprise fees, according to The Wall Street Journal. Packages worth $800 or less, once duty-free, are now subject to tariffs, leading to unexpected bills from carriers like FedEx, UPS, and DHL. Nearly 90 foreign post offices have stopped shipping to the U.S., while import volumes have dropped sharply. Carriers say they are handling more customs clearances and billing disputes as confused customers face brokerage charges and duties. The Supreme Court is reviewing the legality of the tariffs, leaving some recipients uncertain whether to pay.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Trump's decision to add tariff exemptions on low-value imports is hitting U.S. consumers and small businesses with surprise fees,
00:09that according to the Wall Street Journal.
00:10Packages worth $800 or less, once duty-free, are now subject to tariffs.
00:14They need the unexpected bills from carriers like FedEx, UPS, and DHL.
00:18Nearly 94 in post offices have stopped shipping to the U.S., while import volumes have dropped sharply.
00:23Carriers say they are handling more customs clearances and billing disputes as confused customers face brokerage charges and duties.
00:29The Supreme Court is reviewing the legality of the tariffs, leading some recipients uncertain whether to pay.
00:34For all things money, visit Benzinga.com.

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