(NewsNation) — Multiple European postal services and the Indian government announced they will suspend shipments to the United States, citing a lack of clarity when it comes to new import tariffs, which are expected to take effect this week. Espinoza joining us now.
It all comes down to how packages enter the U.S. and new rules that will change what gets taxed at the center of it.
A rule called the de minimis exemption, which lets packages worth less than $800 enter the country duty-free, is set to expire on Aug. 29.
In 2024, more than 1.3 billion packages worth more than $64 billion arrived through this exemption.
Germany, Denmark, Sweden, Italy and other European countries have already stopped many package shipments to the U.S. France and Austria will join in on Monday and the United