On Friday, Aug. 29, U.S. President Donald Trump took a surprise step that’s set to reshape global shipping as we know it 🚀.
He ended the era of ultra-cheap cross-border mail rates, a perk that fueled a huge boom in online shopping for bargain-hunting consumers buying goods from abroad 🛒. As a result, packages from overseas are poised to get pricier, prompting shoppers to rethink their favorite e-commerce haunts.
These discounted shipping rates were established decades ago under an international agreement that guaranteed rock-bottom postage for small parcels entering the U.S. Now, with the U.S. demanding a fairer balance of costs, that deal has unraveled. Retailers and marketplaces will likely pass on the extra fees, meaning your next overseas order could carry a heftier price tag 💸.
For businesses and entrepreneurs, this shake-up offers a fresh perspective on supply chain dynamics and market strategies. Students and researchers: take note of how policy moves can ripple through global trade. And for those who love snagging deals from across the globe, brace yourselves – the bargain hunt just got a lot more strategic.
Stay tuned for more updates as this story develops 👀.
Reference(s):
cgtn.com
