The Impact of De Minimis Exemption Removal
UPS certainly isn’t the only company that is increasing its prices due to President Trump’s executive order to get rid of the de minimis exemption. FedEx also increased its international processing fee from $1.50 to $2.50 in preparation for the change.
Increased prices aren’t the worst of it either. Some companies — like the Europe-based DHL — are so put off by the added cost of doing business that they’ve opted to completely pause shipping to the US entirely.
Even entire countries are opting to stop shipments to the US. Germany, Denmark, Sweden and Italy have all stopped shipping some products to the US, while companies like France, Austria, and the UK have plans to do the same.
With the impact of more fees and higher tariffs still yet to be realized, it’s safe to say that things could start getting a lot more expensive as the rest of Trump’s presidency unfolds.
