"UPS saw a rise in customers shipping packages into the US starting in August, CEO Carol Tomé said, after the Trump administration ended a loophole that had allowed low-value shipments to enter the country tariff-free. Some national postal services, such as Germany's Deutsche Post, temporarily stopped accepting US-bound packages because of the change. Many of those new UPS customers were average"
"Many of those new UPS customers were average consumers who were "naive" about what information they had to provide for their shipments to clear US customs, Tomé said on the company's third-quarter earnings call Tuesday. "You wouldn't expect them to understand the intricacies of trade policies, and they shipped in packages that didn't have the information necessary to clear," Tomé said."
"In late August, the Trump administration ended the de minimis exemption. This change subjected packages worth less than $800 to tariffs as they entered the US. Getting some of those packages to their destinations has been a chore, said several people who sent or expected to receive them. For example, some UPS customers told Business Insider that, since late August, they had received bills from UPS showing that the wrong tariff code,"
Some US-bound UPS packages lacked the correct customs information, causing shipments to be held at US customs. Shipments to the US rose in August after the Trump administration ended the de minimis exemption, subjecting packages under $800 to tariffs. Some national postal services temporarily stopped accepting US-bound packages. Many new shippers were average consumers unfamiliar with the customs data required to clear shipments, and several held packages contained food products. Getting packages to destinations became difficult, with some customers reporting weeks-long delays and bills showing incorrect tariff codes charged.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]