A large part of the world ceases to send us mail

Do you have an upcoming package from abroad? (I do it, it’s a gift, and I am very bored.) I hope it is not urgent, because it will be a minute before this thing reaches our ribs. The questions surrounding the Trump administration’s pricing regime, including a policy to end an exemption from the taxation of small packages, have led to postal services around the world by choosing not to ship to the United States until things are set, according to Bloomberg.

At the heart of this problem is the minimis exemption, which allows packages assessed at $ 800 to enter the country without being subject to prices. According to the White House, about four million packages that qualify for politics enter the United States every day, more than 1.35 billion per year. Trump has considerably returned this policy, fixing the new bar at a value of less than $ 100 to enter the country in the franchise of rights. Everything else will be subject to prices that apply to the country from which the package is shipped.

This new policy should come into force on August 29, and the rest of the world is launching their hands. According to Bloomberg, there are still questions about how the prices will be collected and how countries are even supposed to submit relevant information to the American authorities. Instead of dealing with all of this, some countries simply choose not to ship to America for the moment.

Bloomberg reported that Korea Post’s postal service would stop sending packages to the United States from Tuesday. The Singapore Singpost and the postal supplier of Austria will do the same day earlier. Norway and Finland get an even larger step ahead, announcing that they will stop sending parcels to America from Saturday, and Belgium interrupts shipments on Friday. The post of Deutsche in Germany and the postal service of the Czech Republic have already ceased to send the plans of the State due to the confusion. Other countries, including Australia and the United Kingdom, have announced temporary suspensions until they have settled.

Presumably, these things will be straightened, because this break should be too much a point of pain for the Trump administration to drag forever, although it seems to have a penchant for self-inflicted injuries. But the fact that all this plan was applied if at random does not exactly infuse the rest of the world with confidence that things will be stable and predictable when they do business with the United States.

Meanwhile, it will be the low -income Americans who are most hard by this new policy, according to the National Bureau of Economic Research, which revealed that the elimination of the exemption from MINMIS would increase the average tariffs with which the poorest codes in the country are confronted with approximately 12%, almost double the impact on richer zip codes. In total, the researchers warn that the abandonment of DI Minmis will reduce consumers’ well-being between $ 11 billion and $ 13 billion per year. But hey, it’s a short price to pay the whole world with little real gain.