International News
The ‘De Minimis’ Dilemma: Why global postal services halted U.S. shipments
On July 30, the U.S. President issued an executive order to suspend the long-standing de minimis treatment for all countries. This policy shift means all incoming shipments are now subject to tariffs and customs duties, regardless of their value. The new regulations make transport carriers and approved parties responsible for collecting these customs duties, a significant change from the previous system.
In response, national postal services in more than 30 countries—including major trading partners like the UK, Germany, France, Japan, and Australia—have ceased shipping small parcels to the U.S. Their stated reason is a lack of clarity in the new U.S. guidelines, and they are unwilling to risk non-compliance.
Impact on Small and Medium-sized Enterprises
The move has created a major disruption for small jewelry businesses and other online sellers who depend on postal services for international shipments. For many, the U.S. is their primary market. Platforms like Etsy, which are popular with artisans and small sellers, have been significantly affected.
- Financial Strain: Small businesses typically operate on thin profit margins. The addition of customs duties and the logistical complexities of the new policy are making it difficult for them to remain profitable.
- Operational Challenges: Without a clear and reliable method for shipping to the U.S., many businesses have been forced to suspend operations in that market. Some have reportedly closed their online stores entirely.
- Market Access: The suspension of postal services effectively cuts off a crucial shipping channel, severely limiting market access for international sellers targeting U.S. consumers.
The end of the de minimis rule represents a fundamental shift in U.S. trade policy, moving away from facilitating low-value imports and toward stricter enforcement of tariffs. While the full long-term impact is still developing, the immediate consequences are clear: a significant disruption to global small parcel logistics and a major financial and operational challenge for small e-commerce businesses worldwide.
International News
US Jewellery Companies Continued To Shrink In The Third Quarter:JBT
During Q3, Business Closures Dropped To 116 Compared To 126 In The Prior Year’s Third Quarter, Driven By 88 General Operational Cessations, 28 Acquisitions Or Mergers, and Zero Bankruptcies.
The number of active US jewelry companies continued to shrink in the third quarter, but at a slower pace than a year ago, according to the latest data from the Jewelers Board of Trade (JBT).The US jewelry industry continued its structural consolidation through Q3, though the pace of business closures showed signs of stabilizing compared to the previous year. Data from the Jewelers Board of Trade (JBT) reflects ongoing consolidation across retail, wholesale, and manufacturing, coupled with heightened credit volatility.
Key Data & Metrics
Nationwide, the active business footprint stands at 21,831 companies, reflecting a 1.4% year-over-year decline. During Q3, business closures dropped to 116 compared to 126 in the prior year’s third quarter, driven by 88 general operational cessations, 28 acquisitions or mergers, and zero bankruptcies. Meanwhile, new market entrants also slowed, with 67 new business openings recorded in Q3 down from 89 during the same period last year.
Sector-by-Sector Breakdown
| Sector | Active Count | YoY Change | Impact Summary |
| Retailers | 16,564 | -1.5% | Makes up the majority of the sector; experienced the largest net store count reduction. |
| Manufacturers | 2,061 | -1.7% | Steepest percentage decline among all segments. |
| Wholesalers | 3,206 | -0.9% | Relatively stable, holding the mildest contraction rate. |
Credit & Financial Health Trends
The JBT report highlights dynamic shifts in creditworthiness across US and Canadian businesses, signaling bifurcated financial health:
- Credit Downgrades: Jumped sharply to 1,655 (up from 620 in Q3 of the prior year).
- Credit Upgrades: Rose significantly to 1,480 (up from 551 in Q3 of the prior year).
While net business closures are tapering off, high numbers of simultaneous upgrades and downgrades point to a split market where resilient operators are strengthening their positions while vulnerable businesses face tighter financial pressures.
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