Starting this Friday, the United States will impose new 120% tariffs on small parcels exported from the Chinese mainland. This significant policy shift marks the end of the previous “de minimis” tax-exempt regime, which allowed low-value imports to enter the US without duties.
Consumers and small businesses across America are bracing for the impact. Prices for goods imported from the Chinese mainland are expected to increase, and deliveries may face delays due to additional customs processing. The US Chamber of Commerce has expressed concerns that this move could cause irreversible harm to American small businesses, squeezing consumers and online sellers who rely on affordable imports.
“This policy change will strain the supply chains of countless small enterprises,” a spokesperson from the Chamber of Commerce stated. “It’s not just about higher costs; it’s about the viability of businesses that depend on these imports.”
The “de minimis” rule previously allowed goods valued under $800 to enter the US without incurring tariffs. Removing this exemption primarily affects small parcels, which are often ordered online by individual consumers or small retailers.
Many young consumers and entrepreneurs may feel the impact, especially those who source products from global online marketplaces. With higher costs and potential delays, they might need to seek alternative suppliers or adjust their pricing strategies.
The decision comes amid ongoing trade discussions between the US and the Chinese mainland. While the policy aims to protect domestic industries, experts suggest it may also lead to increased tensions and affect international trade relations.
As the new tariffs take effect, consumers and businesses are advised to stay informed and prepare for changes in the market.
