alt Hacker NewsSuspension of the de minimis administrative exemption for imports $800 or less
Comments
There's nothing in the CBP rule that prohibits importing prescriptions, although there will no longer be a duty exemption for them. The rule is about suspending the 'de minimis' exemption for shipments valued under $800...
Trump is trying to trade the petro dollar and opec for Venezuelan oil that will tank the dollar and make debt unpayable (every advisor has said this), how he's trying to make medicine unaffordable before alternatives are ready. Sheesh.
Every use case for tarrifs include got subsidy and small trade barriers so it can grow with market share.
weird title change.
It truly boggles the mind how Trump managed to sell tariffs as anything other than a tax on American consumers
Is this even in CBP's wheelhouse or is this another egregious overreach?
I flagged this and wanted to explain my reasoning.
At the time of writing, the article states something that its own link doesn't support (i.e. it is inaccurate). CBP hasn't "suspended all personal prescription importation." What they've done is removed De Minimis Exemption (i.e. duty free below $800), and that's it. Meaning you can still important personal medication before and after Oct 22nd, what has changed is that now it is subject to normal duty.
Do I think this is bad for people importing personal medication? Absolutely I do, and I oppose it. However, I don't think misstating the argument is constructive nor warranted. You could make the argument using the facts on the ground, and then re-state that in the thread title.
So the story is worthy of discussion, and interesting (even the personal medication POV). But this link and this title aren't "it." Hopefully we can get a higher quality source and title on this topic.
goes into effect 12 days before a midterm election that is already starting to look like a blue tsunami.
It's a bold strategy, Cotton. Let's see if it pays off for 'em.