"hostage situation"
"We're taking it day by day now,"
"We're going to have to absorb a good deal of the costs while we wait it out to see what happens, but we can't absorb it all,"
"If my business were to fold, you're talking about the impacts on all of the employees, the artists we work with, and our philanthropic activities like fundraisers for individual families and animals."
The de minimis exemption ended on August 29, removing duty-free entry and minimal paperwork for goods under $800 and reinstating duties and paperwork for low-value imports. Small-batch importers now face sudden, unpredictable duties driven by nuanced material and provincial customs classifications, plus higher shipping and handling fees. One boutique importing a $660 order experienced shipping rising from $90 to $150 and a $251 duty, with vendors not liable for refunds when receivers cannot pay. Businesses are absorbing some costs temporarily, risking closures, layoffs, reduced artist partnerships, and diminished philanthropic activities. Retail analysts expect higher, stickier consumer prices and reduced spending.
Read at Business Insider
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