UPS Rolls Out Tool to Help Shoppers Avoid Surprise Tariffs

Core Insights - UPS has launched a new tool called UPS Global Checkout to assist online shoppers in understanding the additional costs associated with tariffs, aiming to simplify international trade amid ongoing trade tensions [1][2] - The tool guarantees upfront costs for duties, fees, and taxes, addressing the common issue of unexpected import bills upon delivery [2] - A significant percentage of consumers, 41%, have refrained from purchasing from international eCommerce sites due to unclear duties and taxes at checkout [3] Consumer Sentiment - A survey indicated that 57% of informed consumers believe tariffs will negatively impact their finances, with 78% expecting higher prices and 75% anticipating product shortages [4] - The anxiety surrounding tariffs is reminiscent of the supply issues experienced during the COVID-19 pandemic, leading consumers to make purchases sooner to avoid future price increases [5] - Consumer confidence appears to be declining across various income levels, with concerns about the economy and labor market affecting personal financial outlooks [6]