EUR/USD likely to find a peak near 1.25: UBS
Investing.com -- Austrian Post announced Thursday it will stop accepting standard parcel shipments to the United States starting next Tuesday, joining other European postal services that have made similar decisions.
The Austrian state-controlled postal group cited the elimination of the "de minimis" exemption and uncertainty regarding future U.S. postal customs clearance procedures as the reasons behind this decision.
"This tightening poses major challenges for all postal companies worldwide when sending goods to the USA," the company stated.
Despite the suspension, Austrian Post confirmed it will continue to ship gifts valued under $100 to the United States through its standard parcel service. Additionally, the company’s premium service, Post Express International, will remain unaffected by these changes.
U.S. President Donald Trump’s administration last month decided to suspend the global "de minimis" exemption, effective August 29. The rule allows minimal paperwork for international shipments under $800.
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