Hey there! Do you like shopping online for cool gadgets, toys, or clothes? ποΈ Well, there’s some news you should know about! The United States has decided to add new taxes, called tariffs, on small packages coming from the Chinese mainland. π¦
So, what’s a tariff? It’s like an extra fee that countries add to imported goods. This means that things coming from the Chinese mainland to the US might cost more money now. π°
Before, small packages under a certain value didn’t have to pay these extra fees. This was called the “de minimis” rule, which let many small items come in tax-free. But starting this Friday, the US is ending this rule for packages from the Chinese mainland. Instead, a big tariff of 120% will be added! π²
What does this mean for you? If you or your family buy things online from sellers in the Chinese mainland, prices might go up. Also, your deliveries could take longer to arrive. β°
The US Chamber of Commerce says this could hurt small businesses in America. That’s because many small shops buy goods from the Chinese mainland to sell in the US. With higher costs, it might be harder for them to keep prices low for customers. π
So next time you’re shopping online, keep an eye on those prices! This change might make some of your favorite items more expensive. But don’t worry, there are still lots of great deals out there! Happy shopping! π
Reference(s):
cgtn.com