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By MATT OTT, Associated Press Business Writer

WASHINGTON (AP) — Americans’ view of the U.S. economy declined modestly in August as anxiety over a weakening job market grew for the eighth straight month.

The Conference Board said Tuesday that its consumer confidence index ticked down by 1.3 points to 97.4 in August, down from July’s 98.7, but in the same narrow range of the past three months.

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The small decline in confidence was in line with the forecasts of most of the economists who were surveyed.

A measure of Americans’ short-term expectations for their income, business conditions and the job market fell by 1.2 points to 74.8, remaining significantly below 80, the marker that can signal a recession ahead. read more

By MAE ANDERSON, Associated Press Business Writer

NEW YORK (AP) — U.S. consumers have gotten used to shopping the world without paying customs duties on the international packages they receive from big e-commerce companies like Shein and Temu, specialty shops and businesses that sell goods through online marketplaces like Amazon, Etsy and eBay.

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That era is about to end. On Friday, the United States plans to eliminate a tariff exemption that allowed imports worth $800 or less to enter the country tax-free. With the sundowning of the “de minimis” exemption, such shipments will incur charges that range from 10% to 50% of their declared value or, for the next six months, a flat duty of $80 to $200 per parcel. read more

By MAE ANDERSON, Associated Press Business Writer

NEW YORK (AP) — Low-value imports are losing their duty-free status in the United States this week as part of President Donald Trump’s agenda for making the nation less dependent on foreign goods and resetting global trade with tariffs.

An executive order signed last month eliminates a widely used customs exemption for international shipments worth $800 or less starting Friday, nearly two years earlier than the deadline set in the tax cuts and spending bill approved by Congress.

Although the president previously ended the “de minimis” rule for inexpensive items sent from China and Hong Kong, having to pay import taxes on small parcels from everywhere else likely will be a big change for some small businesses and online shoppers.

Purchases that previously entered the U.S. without needing to clear customs will require vetting and be subject to their origin country’s applicable tariff rate, which can range from 10% to 50%. For the next six months, carriers handling orders sent through the global mail network also can choose a flat duty of $80 to $200 per package instead of the value-based rate. read more

Bad news, coffee drinkers: According to the latest inflation report, the average retail price of roasted coffee has risen 14.8% since last July.

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Worse news: Some of President Donald Trump’s highest new tariffs started this month and are throwing the coffee supply chain into disarray. They appear destined to send prices of America’s go-to beverage even higher in the months ahead.

High-quality coffee beans are grown in a few key countries, virtually all of which are subject to new tariffs. Brazil is by far the biggest, supplying 37% of global production last year, and it was hit with a blanket 50% tariff that took full effect Aug. 6. read more

By DAMIAN J. TROISE, AP Business Writer

NEW YORK (AP) — Stocks are holding near breakeven in afternoon trading on Wall Street Tuesday as indexes hover just below their recent all-time highs.

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The S&P 500 edged 0.1% higher. The Dow Jones Industrial Average fell 15 points, or less than 0.1%, as of 12:14 p.m. Eastern time. The Nasdaq composite rose 0.2%.

Boeing rose 1.8% after Korean Air announced a $50 billion deal with the company that includes buying more than 100 aircraft. Dish Network parent, EchoStar, surged 76.2% after AT&T said it will buy some of its wireless spectrum licenses in a $23 billion deal. read more