On Sunday, Ross Gerber, the CEO of Gerber Kawasaki Wealth & Investment Management, shared a workaround to President Donald Trump’s new tariffs on EU goods, revealing that U.S. consumers can avoid taxes by ordering items valued under $800 from the EU.
What Happened: Gerber highlighted an email from Swedish luxury shoemaker Morjas & Company, which reassured U.S. customers that orders below $800 remain duty-free under current U.S. import regulations.
He shared this insight with his over 387,000 followers on X, formerly Twitter, writing, “Seems like if you order things in under $800 increments from the EU, then Trump can’t tax you. Expect more of these emails from companies.”
The email from Morjas explained that although the new tariffs have increased duties on EU products, the “de minimis rule” still applies to shipments under $800, meaning they remain exempt from additional duties or taxes.
“Steep tariffs on products from the European Union means that shipments …Full story available on Benzinga.com