Chelsey Dulaney

So they were saying, yeah, we're going to close the de minimis in 2028.

We need to build this new data hub and we have to get the agreement of all 27 folks.

finance ministers, but we must follow the European rules, which will take three years.

And then we did see a breakthrough in November.

They finally said, you know, we recognize that three years is too long.

We have to do something now.

And so they are

starting next July, going to be levying this three euro fee on the packages.

And then eventually they will close the de minimis entirely.

It's a good question.

I think that's the question on everyone's mind because this whole network has sprung up around it.

A lot of people, airports, cargo operators, stay-at-home moms have sort of made a big bet on it continuing.

And so it seems unlikely that it'll go fully away.

Yeah.

the warehouse network these e-commerce companies are building is enormous.

So it does look like they're making a pretty long-term bet on staying in Europe.

And, you know, even with the de minimis gone, and even when Europe, the EU, the UK end the de minimis,

You don't have the tariffs that the U.S.

has.

So it still could be more advantageous to sell into Europe because Europe does not currently have tariffs on Chinese e-commerce goods, even if you are having to pay a little bit more on customs duties.