On November 15, 2019, Jeff Weiss was quoted in Digital Commerce 360 regarding the United States-Mexico-Canada Agreement (USMCA). The stalled USMCA could be approved by the U.S. House of Representatives this year, said Speaker Nancy Pelosi. According to the article, the statement is the clearest sign to date that negotiations with the Trump administration and Democrats are close to wrapping up.
"I would like to see it done this year. That would be my goal," Pelosi said, adding that she believes an agreement is "imminent."
That would be good news for retailers, says Weiss. That’s because the deal will lead both Mexico and Canada to increase their de minimis shipment value levels, which is the minimum value of an imported shipment that is subject to duty collection and customs documentation. Mexico is doubling its de minimis threshold to $100 from $50, and Canada is doubling its threshold to C$40 ($30.25) from C$20 ($15.13).
The trade agreement also means that Canadian consumers won't have to pay a duty for cross-border online orders that are C$150 ($113.44) or less; Mexican shoppers won’t have to pay a duty on cross-border online orders that are the equivalent of $117 or less.