What's Changing?
Starting August 29, packages valued at $800 or less shipped outside the international postal network will no longer be exempt from duties. That's big news for entrepreneurs who rely on platforms like AliExpress, Shopify or Etsy to ship gadgets, fashion, and heavy deals to the US without added costs. 🔥
Why It Matters
Small businesses are bracing for impact:
- Higher import costs: duties can cut into already thin margins 💸
- Pricing puzzles: will you absorb the fees or pass them on to customers? 🤔
- Sourcing shake-up: time to explore new suppliers or rethink the supply chain 🌐
Voices from the Field
'I've built my store around affordable imports,' says Maria, an LA-based seller. 'This change makes everything more uncertain.'
What's Next?
Young entrepreneurs are not backing down. Here are some quick tips:
- Negotiate with suppliers for lower FOB prices
- Consider domestic or regional manufacturers to avoid duties
- Optimize shipping methods: group orders or use bonded warehouses
This policy shift is a reminder that global trade rules can change overnight. Staying adaptable and connected is key—you're the creators of tomorrow's commerce! 🚀
Reference(s):
cgtn.com
