Global Shipping Meltdown: Rule Change Triggers Holiday Price Surge
Manage episode 508047836 series 3454750
The sudden ending of the "de minimis exemption" is causing chaos for international shipments. This little-known rule once let products valued under $800 enter the US without tariffs, making up a huge 92% of all freight coming into the country. Now that it's gone, international postal traffic to the US has dropped 81% in just one week, with 88 postal operators halting some US services. If you're waiting for an overseas package, this explains your delays—and why prices are about to rise sharply.
500 episodes