"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 shipping as my items cost, essentially doubling the cost?"
Tariff changes and the removal of the de minimis exemption have made small imports subject to duties, raising effective prices on low-cost items. Consumers face increased fees, duties, and shipping that can double purchase costs for goods imported from countries like Japan. Businesses and consumers encounter suspended shipping, soaring costs, and uncertain inventory as tariff terms are negotiated, canceled, and reinstated repeatedly. Shoppers respond by stockpiling goods expected to rise in price. The uncertainty has caused cross-border sellers and U.S. buyers to reassess sourcing, pricing, and willingness to absorb or pass on additional import costs.
Read at The Verge
Unable to calculate read time
Collection
[
|
...
]