The end of 'de minimis' exemption, four months on
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 26 December 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
The "de minimis" tax exemption on packages under $800 shipped to the U.S. came to an end in August. It's a move that's boosted business for logistics companies but has hit some smaller businesses at home and abroad hard. This morning, we'll learn outline the effects the change has had. Also on this morning’s show: an Nvidia licensing deal and the factors driving up precious metal prices.
Transcript
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| 0:00.0 | Worried about your future in tech? |
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| 0:31.2 | Traders are sending precious metal prices through the roof. |
| 0:35.1 | We'll explain why. |
| 0:36.7 | For Marketplace, I'm Nova S, in for David Brancaccio. |
| 0:39.6 | Prices for gold, silver, and other precious metals are hitting records, while the dollar is |
| 0:44.0 | losing value. Spot prices for silver are up 150% this year. Gold is up more than 70%, and it's on track |
| 0:51.9 | for its biggest annual gain since 1979. |
| 0:56.0 | What's driving these shifts? |
| 0:57.7 | I posed that question to Diane Swank, chief economist at the Audit Tax and Advisory firm, KPMG. |
| 1:03.3 | Just about everything you can imagine is behind it. |
| 1:06.0 | Everything from the uncertainty that we saw spike in the wake of the April announcements about tariffs to |
| 1:12.6 | uncertainty about where the U.S. is and its role in the world. What we've seen as both central |
| 1:18.5 | banks increase their holdings of gold instead of U.S. treasuries, trading out of U.S. |
| 1:24.7 | treasuries and medals on their balance sheet because they want to be |
... |
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