President Trump's recent enactment of tariffs on Chinese goods includes a significant change by removing the 'de minimis' exemption, which allowed imports valued below $800 to bypass taxes. This policy adjustment means 1.6 billion shipments expected in 2024 will now be subject to taxes, which has raised concerns over delays and added handling charges. Currently, major shipping companies like UPS and FedEx are on alert but haven't formalized their strategies regarding fees and delays, although DHL has acknowledged potential cost implications.
DHL is the only major courier to discuss fees, admitting to Bloomberg that the changes will affect costs, hinting at potential hikes for shipments from China.
With 1.6 billion shipments into the US under de minimis in 2024, the removal of the exemption means significant additional fees and inspections for many parcels.
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