DHL Express said it would be scaling back on many shipments to the U.S.
Transcript:
As companies around the globe grapple with mounting tariffs, one of the world’s largest logistics firms is pulling back on U.S. shipments for another reason: customs.
Germany’s DHL Express says it will stop all business-to-consumer shipments to the U.S. worth more than $800.
Up until now, formal entry processing at U.S. customs was only required for shipments of more than $2,500. But that number has now been cut by more than two-thirds. However, DHL said it would continue business-to-business shipments, albeit, with possible delays.
Importing goods from overseas is getting tougher and tougher for Americans. While the DHL move isn’t tariffs-related, other global shippers have scaled back or stopped shipments entirely to the U.S.
Most recently, Hong Kong Post said it will be suspending shipments of goods by sea, accusing the U.S. of “bullying” after the Trump Administration canceled tariff-free trade provisions for packages from China and Hong Kong.
That’ll do it for your daily briefing. From New York City, I’m Kelsey Barberio with TheStreet.
Subscribe |
Earn. Live. Invest. |
TheStreet Pro |
#custom #shipping #logistics
source
