Duty-Free Imports End: Small Businesses Face New Tariffs
Markets & Money Today | 2 Min News - A podcast by The Daily News Now! - Thursdays

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Attention shoppers and small businesses! Brace yourselves: duty-free shopping is vanishing August 26th! A Trump-era policy, enacted years ahead of schedule, eliminates the $800 import exemption, meaning tariffs on *every* international package. Small businesses like Kristin Trainor's boutique are already reeling, facing rising costs and potential price hikes. While the government aims to close loopholes and block illegal goods, countries are halting U.S.-bound shipments, creating chaos and higher prices for consumers and businesses alike. Is this the end of affordable online shopping as we know it? Hosted on Acast. See acast.com/privacy for more information.