How Is the Logistics Industry Impacted?
The beleaguered logistics industry is already dealing with additional new fees brought on by the trade war.
The de minimis exemption expired near the end of August, causing any imported packages that cost less than $800 to require duties. Major shipping companies are already passing some of these costs on to customers, with the UPS announcing recently that it would impose a new international processing fee of $2.50 per package for US imports.
Dozens of top US trade partners are already being tariffed, with countries like Brazil currently under a 50% tax. Many of these tariffs could be rolled back if the US Supreme Court agrees with the two other judges who have considered the case.
