Surprise tariffs are hitting shoppers this holiday season [MSNBC.com]
ESSILOR LXTTCA UNSP/ADR (ESLOY)
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Source: MSNBC.com
If you order products from abroad this holiday season, you could end up with an unwanted surprise: a pricey tariff bill.This is the first holiday shopping season since the Trump administration made a major change to customs rules, extending tariffs and customs fees to low-value packages that had long been exempt.Since the new policies went into effect in late August, shoppers have reported being hit with surprise tariff charges on everything from rugs and computers to vitamins — sometimes costing hundreds of dollars.Now, as the busiest shopping season of the year gets underway, the stakes are high for both consumers and retailers.The National Retail Federation estimates that U.S. holiday saleswill top $1 trillionShoppers who buy gifts from overseas should be prepared to pay tariffs before they can put their presents under the tree. And those who dispute an unexpected tariff bill should be ready for a potentially monthslong back-and-forth with major shippers — while late fees pile up.T
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