Europe Asia postal services to halt shipments to | Business

Date:

Europe Asia postal services to halt shipments to – Business News

Banner Ad


Postal services in Europe and all over the world plan to halt transport merchandise to the US because the Trump administration’s finish of the de minimus tariff exemption goes into impact.

The “de minimus” exemption allowed internation carriers to ship items valued beneath $800 to the US with out paying any duties.

The White House introduced the finish of the exemption weeks in the past, linking it to fentanyl and different illicit medication coming into the US.

DHL, Europe’s largest transport supplier, mentioned in a assertion on its web site Friday that “Deutsche Post and DHL Parcel Germany will no longer be able to accept and transport parcels and postal items containing goods from business customers destined for the US” efficient instantly. 

The finish of the exemption goes into impact Aug. 29. 

DHL mentioned its restrictions on packages could be non permanent, explaining they had been vital as a result of of “new processes required by US authorities for postal shipping, which differ from the previously applicable regulations.”

The company continued, “Key questions remain unresolved, particularly regarding how and by whom customs duties will be collected in the future, what additional data will be required, and how the data transmission to the US Customs and Border Protection will be carried out.”

The UK’s Royal Mail has additionally briefly paused shipments to the US. AP

The “de minimus” exemption allowed internation carriers to ship items valued beneath $800 to the US with out paying any duties. ZUMAPRESS.com

Postal services in Denmark, Sweden, Italy, Austria, France and Belgium have equally mentioned they plan to pause shipments to the US. 

The UK’s Royal Mail has additionally briefly paused shipments, in accordance to the BBC. 

Outside of Europe, Asian international locations like Singapore and Thailand mentioned their international locations would additionally maintain on shipments till there’s more readability on the new guidelines.

“The halt underscores the sweeping disruption caused by President Trump’s decision to eliminate the de minimis threshold, which previously allowed low-value parcels to enter the US without customs duties,” Thailand Post mentioned in a assertion on its web site. “The exemption, capped at US$800 per person per day, facilitated millions of small packages from around the world entering the US smoothly.”

Charlie Gasparino has his finger on the heartbeat of the place business, politics and finance meet

Sign up to obtain On The Money by Charlie Gasparino in your inbox each Thursday.

Thanks for signing up!

Australia Post mentioned it has paused transit on a handful of packages from different international locations certain for the US. 

“We have been working hard with US authorities and international partners to adapt our services to meet the new US de minimis requirements so UK consumers and businesses can continue to use our services when they come into effect,” the Royal Mail mentioned.

The US ended the de minimus exemption for China in May.

The White House mentioned on the time that many Chinese-based shippers disguise illicit substances, together with artificial opioids, in low-value packages to exploit the de minimis exemption.

DHL mentioned Deutsche Post and DHL Parcel Germany will no longer find a way to transport parcels and postal gadgets containing items from business clients destined for the US. ZUMAPRESS.com

The administration mentioned that the quantity of de minimus shipments coming into the US has elevated from 134 million to 1.34 billion between 2-15 and 2024, in accordance to the Financial Times. 

It has additionally helped Chinese-based fast fashion firms like Temu and Shein, which ship immediately to clients. 

FOX Business has reached out to the White House and DHL for remark. 

Clickable Banner
CWP (Crypto Work Pro)
CWP (Crypto Work Pro)https://www.cryptoworkpro.net
Hi, I’m a passionate cryptocurrency enthusiast with 10 years of experience in the world of digital currencies. I’ve always been fascinated by blockchain technology and the potential of decentralized finance (DeFi) to reshape the financial landscape. I share insights, tips, and strategies to help others navigate the fast-paced world of crypto.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Share post:

Popular

More like this
Related

A bevy of French restaurants is coming to | Business

A bevy of French restaurants is coming to -...

Students given AI slop with misspelled state | Business

Students given AI slop with misspelled state - Business...

Ken Griffin says Citadel unwound 80% of | Business

Ken Griffin says Citadel unwound 80% of - Business...

Trump lifts tariffs on 300K tons of ground beef, | Business

Trump lifts tariffs on 300K tons of ground beef,...

NYC surpasses San Francisco as biggest tech talent | Business

NYC surpasses San Francisco as biggest tech talent -...

Classic California grocery chain closes last | Business

Classic California grocery chain closes last - Business News ...

’60 Minutes’ holdover Bill Whitaker frets that | Business

'60 Minutes' holdover Bill Whitaker frets that - Business...

Here’s how the smart money on Wall Street sees | Business

Here’s how the smart money on Wall Street sees...