Login | May 12, 2025

Portage County Legal News.

Business
Cheap parcels from China will no longer be duty-free. Here's what it means for buyers and sellers

NEW YORK (AP) — Consumers can expect higher prices and delivery delays after the Trump administration ends a duty-free exemption on low-value imports from China.
The expiration of the so-called de minimis rule that has allowed as many as 4 million low-value parcels to come into the U.S. every day — mostly from China ... (full story)
Funding cuts threaten to deepen hunger crisis as rising costs send more families to food banks

NEW YORK (AP) — The Campaign Against Hunger was already struggling to feed thousands of families a week when the Trump administration pulled more than $1.3 million in grants.
Demand has only increased at the New York nonprofit since the city emerged from the COVID-19 pandemic and the related economic insecurity. In a first ... (full story)
Questions to ask about self-employed RMDs
Questions continue to arrive in my email about required minimum distributions (RMDs) from retirement accounts, and with good reason, considering the amount of change (and confusion) for RMD-related regulations that came from the two SECURE Acts, which were signed into law in 2019 and 2022.
"Andrea" asked about the foll ... (full story)
'Nowhere to turn': Small businesses dependent on imports from China are feeling more desperate

NEW YORK (AP) — Major orders canceled. Containers of products left stranded overseas. No roadmap for what comes next.
The Trump administration raised tariffs on goods from China to 145% in early April. Since then, small business owners who depend on imports from China to survive have become increasingly desperate as they e ... (full story)
What are 'tech stocks?’
Q: What, exactly, are "tech stocks"? -- H.B., Hickory, North Carolina
A: There's no single definition, but in general, they're stocks tied to companies that are technology-oriented. They may include software companies, computer hardware manufacturers, semiconductor specialists, smartphone makers, wireless telecommunica ... (full story)