Categories Technology

The tariff apocalypse is here

As President Donald Trump’s August 29th deadline for new tariffs rolled around, the first thing that I thought of was 2026 planners. In July, Trump signed an executive order essentially killing a little-known but highly consequential trade rule, which meant that purchases coming from abroad – like $100 in planners and accessories – could enter the US duty-free. My preferred planner, the Hobonichi Techo, is printed and shipped from Japan. With the de minimis exemption removed, my tax bill could be between $15 and $100 – or more, depending on how the increased costs are factored. Was I willing to risk paying as much in fees, duties, and shippi …

Read the full story at The Verge.

Original Source: https://www.theverge.com/analysis/769427/trump-tariffs-online-shopping-shipping-suspended-de-minimis

Original Source: https://www.theverge.com/analysis/769427/trump-tariffs-online-shopping-shipping-suspended-de-minimis

Disclaimer: This article is a reblogged/syndicated piece from a third-party news source. Content is provided for informational purposes only. For the most up-to-date and complete information, please visit the original source. Digital Ground Media does not claim ownership of third-party content and is not responsible for its accuracy or completeness.

More From Author

Leave a Reply

Your email address will not be published. Required fields are marked *