Small businesses in the U.S. are bracing for a major shakeup as a new policy targeting overseas packages under $800 takes effect this month. The move, part of an executive order signed by former U.S. President Donald Trump, scraps the 'de minimis' exemption that previously allowed low-value imports to avoid duties. Now, these shipments will face full tariffs starting August 29—a change entrepreneurs say feels like a new hurdle in a race they’ve been running for years.
🛍️ 'This isn’t just about extra fees—it’s about survival,' shared Mia Chen, a Brooklyn-based boutique owner who sources handmade textiles from India and Vietnam. 'Many of us rely on affordable overseas suppliers to compete with big retailers.' With over 60% of her inventory falling under the $800 threshold, Chen worries about passing costs to customers already squeezed by inflation.
🌐 The policy specifically impacts packages shipped outside the international postal network, hitting platforms like Shopify and Etsy where small sellers thrive. Analysts warn it could reshape global supply chains, pushing businesses to seek pricier local alternatives—or risk shutting down.
💡 While supporters argue the shift protects domestic industries, critics call it a 'worst-case scenario' for startups. As the deadline looms, entrepreneurs are scrambling to adapt. Stay tuned as we track how this tariff twist plays out in the global economy. 💼✨
Reference(s):
cgtn.com