Tariff Sticker Shock Looms for Some US Consumers
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President Donald Trump’s trade war has already begun to make itself felt across the broader US economy, with inflation beginning to edge up again. But many consumers may soon get a more direct version of sticker shock.
That’s because parcels entering the country will now be assessed duties based on the country-of-origin tariff rate Trump imposed (perhaps illegally) using emergency powers. Alternatively, packages shipped via international post could be assessed with a temporary flat fee of $80 to $200 per item, but only for the next six months.