智通财经APP获悉，美国银行将联合包裹(UPS.US)的评级从"中性"下调至"跑输大盘"，目标价下调至 83 美元;并将联邦快递(FDX.US)的评级从"买入"下调至"中性"，目标价下调至 240 美元，以反映航空货运 公司因小额包裹关税豁免取消的影响而面临运量和成本压力增大。 美银分析师Ken Hoexter强调，每天有近 400 万件包裹在美国的小额免税政策下流通，该政策针对来自 中国内地/香港的包裹已于 5 月 2 日结束，针对世界其他地区的则于 8 月 29 日结束。 Hoexter写道："国际优先及经济(出口)包裹占联邦快递收入的 17%，占联合包裹收入的 16%(不包括国际 市场的国内业务;即联邦快递平均每天 1700 万件包裹中的约 110 万件，联合包裹平均每天 2000 万件包 裹中的约 170 万件)。这合计 280 万件包裹并非全是小额免税包裹的，但却是每天 400 万件小额免税包 裹中的相当一部分。" 预计取消最低限额免税政策将导致 2025 年航空货运旺季表现平平，因为 2023 至 2024 年航空货运旺季 的紧张市场是由利用小额包裹关税豁免规避关税的中国电商企业带来的航空需求所推 ...

该官员称，联邦快递（FedEx，FDX.N）、联合包裹服务公司（UPS，UPS.N）、DHL等快递承运商运 送的所有包裹都将适用全额关税率，由这些公司代收关税并处理相关文书工作。 外国邮政机构可选择根据包裹内物品价值代收代缴关税，也可选择"固定税率法"——即根据特朗普政府 目前对原产国商品实施的"对等"关税率，征收固定税费。 特朗普政府官员表示，美国对价值800美元以下包裹的关税豁免将于周五永久终止，同时设有六个月过 渡期——在此期间，邮政承运商可根据包裹原产国，选择为每个包裹缴纳80至200美元的固定税费。 美国东部时间凌晨12点01分起，美国海关与边境保护局（CBP）将对所有全球进口包裹征收常规关税 率，无论包裹价值多少。此举扩大了特朗普政府取消小额包裹免税政策的范围。 "特朗普总统关闭这一致命的小额包裹免税漏洞，将通过限制麻醉品及其他危险违禁品流入，拯救数千 名美国人的生命，同时每年为财政部增加高达100亿美元的关税收入。"白宫贸易顾问彼得·纳瓦罗 （Peter Navarro）对记者表示。 "这是一项永久性变革。"一名政府高级官员称，并补充道，任何为"可信贸易伙伴国"恢复该豁免的提 议"刚提出就会夭折 ...

Group 1: Trade Policy Concerns - Etsy CEO Josh Silverman is advocating against the elimination of the de minimis exemption for small parcel imports from China, which he claims would negatively impact 8 million Etsy sellers [1][2][3] - The de minimis exemption allows items valued at $800 or less to enter the U.S. without customs duties, and its removal could lead to increased costs for sellers if raw materials become more expensive [3][4] - Silverman warns that the lack of an organized system for collecting duties on small-value goods could result in significant delays and a potential backlog of parcels, severely affecting small commerce [5][6] Group 2: Tax Reporting Changes - Silverman is pushing for a change in the 1099-K tax reporting threshold, which was lowered from $20,000 to $600, arguing that this creates unnecessary friction for small business owners [7][8][9] - The current threshold requires tax filings even for minimal revenue, which could burden sellers who do not owe taxes [8][9] - There are ongoing congressional bills aimed at reverting the threshold to a higher amount, which Silverman supports [9] Group 3: Caregiver Support - Silverman highlights the need for federal support for caregivers, as many Etsy sellers face challenges balancing business and caregiving responsibilities [9][10][11] - A significant portion of Etsy's sellers are women, with 25% having children at home, indicating a strong need for support systems [10] - The lack of paid time off for solo entrepreneurs means that caregiving responsibilities can directly impact their business revenue [11]