shockedcanadian
Diamond Member
- Aug 6, 2012
- 43,969
- 43,001
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Decades of wasted talent sacrificed at the alter of the S.I.C and the caste system. Now we have little to no innovation to be a major player in global trade outside of resources, completely dependent on America in particular and Trump knows it.
Don't blame me, I tried to warn those who never really cared to begin with.
The end of duty-free shipping -- also known as the de minimis exemption -- to the United States is set to begin on Aug. 29 and for many Canadian businesses already at risk of shutting down due to tariffs, that could mean more financial pain.
On Friday, an executive order signed in July by U.S. President Donald Trump will take effect, removing de minimis exemptions that have been in place for decades.
This will increase costs and lead to additional hurdles for Canadian businesses if they want to ship goods across the border to U.S. customers.
Those goods entering the U.S., according to the White House, will face “all applicable duties” as of Aug. 29, whereas for decades they've been allowed to enter duty-free if the value is under US$800.
"As an e-commerce business in Canada, the de minimis exemption is everything. It's absolutely everything. I'm fearful for everybody's businesses now that it's being removed," Hockey Stick Man owner and founder Joey Walsh says.
"It's going to require a formal entry for goods entering into the United States and tariffs will be charged. The tariffs are almost secondary to the paperwork and the logistics and everything else, and the associated costs of having a company broker the product into the U.S."
Don't blame me, I tried to warn those who never really cared to begin with.
The end of duty-free shipping -- also known as the de minimis exemption -- to the United States is set to begin on Aug. 29 and for many Canadian businesses already at risk of shutting down due to tariffs, that could mean more financial pain.
On Friday, an executive order signed in July by U.S. President Donald Trump will take effect, removing de minimis exemptions that have been in place for decades.
This will increase costs and lead to additional hurdles for Canadian businesses if they want to ship goods across the border to U.S. customers.
Those goods entering the U.S., according to the White House, will face “all applicable duties” as of Aug. 29, whereas for decades they've been allowed to enter duty-free if the value is under US$800.
"As an e-commerce business in Canada, the de minimis exemption is everything. It's absolutely everything. I'm fearful for everybody's businesses now that it's being removed," Hockey Stick Man owner and founder Joey Walsh says.
"It's going to require a formal entry for goods entering into the United States and tariffs will be charged. The tariffs are almost secondary to the paperwork and the logistics and everything else, and the associated costs of having a company broker the product into the U.S."