The info I got from my pharmacy when I signed up led me to believe that the de minimis exemption was one of the keys to low drug prices ... also one of the reasons they (up until now) inspected very few of these small packages. That's what I read from the bold/italic text in the note from my pharmacy below, anyhow. Am I misinterpreting this???
Post on the Homeland Security website, 2 hours ago: "WASHINGTON - President Trump signed an Executive Order suspending duty-free de minimis tariff exemptions for low-value shipments from all countries. His order empowers Homeland Security Secretary Kristi Noem to close this loophole which was used to avoid tariffs and smuggle deadly synthetic opioids like fentanyl into the United States."
Recent note from my Canadian pharmacy: "U.S. President Donald Trump says a tariff on imported pharmaceuticals will start “‘probably at the end of the month’”, as reported in The Guardian on July 16th. Mr. Trump went on to say that “‘we’re going to start off with a low tariff and give the pharmaceutical companies a year or so to build, and then we’re going to make it a very high tariff.’” And how high does he expect that tariff to go? An epic 200%, as reported in our last newsletter. It is unclear what he considers to be the starting “low tariff” amount that is being threatened to start on August 1st. It is also unclear whether the current special exemption from duties and tariffs that permits us and other e-commerce companies to deliver products to the United States without the customer having to pay a tariff - known as the de minimus (sic) exemption - will mean you still won’t have to pay the threatened tariff starting August 1st. Even if it does, however, the de minimus (sic) exemption could be revoked any day now, as we reported in our newsletter last week."
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