Retailers say they are OK with new trade rules that will allow Canadians to buy more from the United States duty free — because dire alternatives that would have been worse never came to pass.
One aspect of the new U.S.-Mexico-Canada Agreement announced over the weekend is an increase in the so-called de minimis threshold for duty-free shopping — the amount that Canadians can buy from a store in the U.S. and import to Canada without having to pay a duty.
Under the old rules, Canada’s limit was $20. That’s much less than what the U.S. allows, a discrepancy that American trade officials were pressuring Canada to fix. Mexico agreed to raise its limit to $100 US from $50 previously, when officials agreed to their portion of the free trade deal in August.
Read full story here: New Free Trade Deal With U.S. Will See Canada’s Duty-Free Limit Raised To $150 From $20 | CBC News
