DHL makes drastic change to deliveries amid U.S.-China trade war
The courier service has harsh news for consumers.
DHL (DPSGY) , one of the largest courier services that U.S. consumers depend on for mail and package deliveries, is responding to President Donald Trump's recent policy changes, which shook the nation.
On April 2, Trump announced a 10% "baseline" tariff on all countries importing goods to the U.S., with roughly 60 countries seeing higher tariff rates. Tariffs are taxes companies pay to import goods from overseas, and the extra cost is often passed down to consumers through price increases.