Much of the World Stops Sending Mail to U.S.

Do you have any packages coming from abroad? (I do, it’s a gift, and I’m very upset)) Hope it is not necessary, because the thing is about to be a minute before we reach the shore. Questions surrounding the ongoing customs system of the Trump administration, with the policy to end the exemption from small packages, the postal services around the world have not only been sent to the United States until things have chosen until things are chosen, According to BloombergThe

If this problem is central Minimis discountWhich allows more than $ 800 worth of valuable packages to enter the country without being subject to tariffs. According to the White HouseAbout four million packages that qualify for the policy enter the United States one day, more than 1.35 billion per year. Trump has brought that policy back enough, the new bar for duty -free entry in the country has fixed the price below $ 100. Everything else will be subject to the tariff applicable to the country that is being shipped.

This new policy is about to come into effect on August 28 and other parts of the world are throwing their hands on it. According to Bloomberg, there are still questions about how the tariffs will be collected and how the countries are supposed to submit relevant information to the US authorities. Instead of dealing with all of this, some countries are not just selected to be sent to America.

Bloomberg has reported Korea Postal Service, Korea Post, will stop sending packages to the United States from Tuesday. Singapore Singpost and Austria’s postal supplier will do the same one day before. Norway and Finland are getting bigger heads starting, they announce that they will stop sending packages to the United States from Saturday and Belgium is stopping shipment until Friday. Posts in Germany Posts and Czech Republic’s Postal Service have already stopped state-sap shipping due to confusion. Other countries, including Australia and the United Kingdom, have announced temporary suspension until things are picking.

Perhaps, these things will be straight, because this break should be a very painful thing for the Trump administration to forever pull it, though it seems that it seems a disguise for self-loss wounds. However, this whole plan is applied so continuously that things are not properly attacked all over the world with confidence that things are going to be stable and estimated when doing business in the United States.

Meanwhile, the low -income Americans will hit the most by this new policy, Towards the National Economic Research BureauWhich has been shown that the average tariffs facing the poorest zip codes in the country of de minimis will increase by about 12%, which doubles the impact of almost double the impact on the rich zip codes. In total, researchers warned that consumer welfare of DI minimis would reduce the welfare of 1 billion to $ 1 billion per year. But hey, it is a small price for the whole world to pay for the little real profit.