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Gideon Resnick

👤 Speaker
1238 total appearances

Appearances Over Time

Podcast Appearances

Apple News Today
What Trump’s tariffs mean for holiday shopping

Kayla Steinberg is with NBC News' business and economy team.

Apple News Today
What Trump’s tariffs mean for holiday shopping

She reports that those who've ordered products from abroad might be hit with a surprise tariff bill.

Apple News Today
What Trump’s tariffs mean for holiday shopping

That's after the administration removed an exemption that's known as de minimis, meaning something that's too small to be considered.

Apple News Today
What Trump’s tariffs mean for holiday shopping

It excluded packages worth less than $800 from being hit with import taxes.

Apple News Today
What Trump’s tariffs mean for holiday shopping

The administration says that loophole facilitated drug smuggling and led to below-market products that harm American businesses.

Apple News Today
What Trump’s tariffs mean for holiday shopping

Steinberg told us that getting rid of the loophole so abruptly has put a big burden on shipping companies.

Apple News Today
What Trump’s tariffs mean for holiday shopping

As a result, those tariff costs trickled down to the consumer.

Apple News Today
What Trump’s tariffs mean for holiday shopping

Steinberg told us about Bonnie Hardy Campagno, who'd ordered a package from Belgium that she assumed would come with a nominal tariff fee of just 15%.

Apple News Today
What Trump’s tariffs mean for holiday shopping

Hardy Campagna was surprised to learn that the skincare package she ordered triggered a 200% tariff because it contained aluminum from Russia or an unknown country, in addition to a 50% steel tariff.

Apple News Today
What Trump’s tariffs mean for holiday shopping

She refused the package from UPS and tried to get more clarity, and has since received an additional $65 late fee from UPS.

Apple News Today
What Trump’s tariffs mean for holiday shopping

Many retailers have raised prices as a result of higher import costs, and some international companies have stopped shipping to the U.S.

Apple News Today
What Trump’s tariffs mean for holiday shopping

completely.

Apple News Today
What Trump’s tariffs mean for holiday shopping

Companies like Costco and Revlon have also filed lawsuits against the White House.

Apple News Today
What Trump’s tariffs mean for holiday shopping

Now, if you're looking to avoid these fees, Steinberg gave us a couple of tips.

Apple News Today
What Trump’s tariffs mean for holiday shopping

First is checking to see if the product is available from a retailer in the States.

Apple News Today
What Trump’s tariffs mean for holiday shopping

Also, make sure to read the fine print on a company site and use a credit card to pay.

Apple News Today
What Trump’s tariffs mean for holiday shopping

You're more likely to get a favorable outcome in a dispute with your creditor than with a debit card.

Apple News Today
What Trump’s tariffs mean for holiday shopping

And finally, a few other stories we're following.

Apple News Today
What Trump’s tariffs mean for holiday shopping

The Trump administration is recalling more than two dozen diplomats from embassies around the world.

Apple News Today
What Trump’s tariffs mean for holiday shopping

That's according to multiple outlets citing administration officials.