PSA Halts International Card Grading to Avoid Tariff Costs
PSA halts international card grading submissions to shield customers from new US tariffs. High-value cards face hefty fees, prompting PSA to seek alternatives for clients. This move underscores the broader impact of tariffs on international trade and consumer costs.
In a strategic move to shield its international clientele from hefty tariff expenses, PSA, a renowned card grading service, has temporarily ceased accepting direct submissions from outside the United States. This decision comes in response to the Trump administration's newly imposed tariffs, which target the value of items rather than the service fees charged by PSA. For collectors and enthusiasts, this means that sending high-value cards, such as Pokémon or sports cards, to PSA could result in substantial fees. For instance, under a 10 percent tariff, a card valued at $5,000 would incur an additional $500 fee.
PSA has already halted submissions from countries like Canada, China, Hong Kong, and Mexico due to earlier tariffs. However, it offers alternatives for customers in Canada and Japan, who can still have their cards graded by visiting PSA's physical locations in these countries. Despite the pause on international submissions, PSA is committed to leveraging all available means to minimize tariff exposure for its customers.
This development highlights the broader impact of tariffs on international trade and consumer costs. As tariffs continue to affect various industries, businesses must adapt to protect their customers from increased expenses. PSA's proactive approach serves as a model for other companies facing similar challenges.
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