The article discusses the implications of President Trump's tariffs on imports and exports, particularly focusing on the 10% tariff on Chinese goods. Alex Yancher, CEO of Passport, notes the complexities created by these tariffs and the uncertainty surrounding them, especially following recent changes in potential tariffs on Canada and Mexico. The article highlights the significance of U.S. de minimis rules, which exempt tariffs on low-value shipments, and indicates that any change would greatly impact ecommerce sellers. Overall, the conversation emphasizes the need for merchants to stay informed and prepared for potential regulatory changes.
President Trump's tariffs have merchants scrambling to gauge the impact on imports, exports, and overall cost.
The president implemented a 10% tariff on all imports from China starting February 4, adding to the existing tariffs.
Any change to the U.S. de minimis rules would be huge for ecommerce sellers, affecting shipments valued under $800.
We’re waiting for more information from the administration, but it doesn’t look like any incremental tariffs on Canada and Mexico will occur.
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