Trump, de minimis
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Closing the loophole likely means higher prices for American consumers, and a potential knockout blow to Chinese retailers who have exploited the loophole in recent years.
From Fast Company
President Trump on Wednesday ordered the closure of a loophole that allows retailers to directly send clothes and other goods from China to American shoppers without paying tariffs.
From The New York Times
Beginning on May 2, packages containing goods from China worth less than $800 will be subject to either a tax of 30 percent of the value or a flat tax of $25 per package, which jumps to $50 on June 1...
From Inc
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News Nation on MSNTrump rule change could make Shein, Temu more expensiveFallout continues after President Donald Trump's unveiling of severe tariffs against virtually all U.S. trading partners. Thursday was the worst day for U.S. stock markets since June 2020. China struck back on Friday, announcing a 34% tariff on American goods as other foreign leaders weigh their response.
The rule exempts packages worth less than $800. It's used by fast fashion giants Shein and Temu—and a lot of small American companies that drop-ship from overseas warehouses.
Millions of people would pay higher premiums, deductibles, and other health costs under rule changes the Trump Administration has proposed for the Affordable Care Act (ACA) marketplaces.[1] While
Chinese online retailers such as Temu and Shein had been taking advantage of a little-known tax exemption, known as the de minimis provision, to sell their products at very low prices in the US. View
A notice to customers dazzled by the low-priced products on Chinese shopping apps: the days of getting trendy clothing, tools and gag gifts that cost less than lunch delivered to your door in 10 days are probably numbered.
The administration is shutting down the “de minimis” loophole, which could affect businesses ranging from Etsy sellers to e-commerce behemoths.
President Donald Trump on Wednesday put the biggest piece of his new trade policy in effect by signing executive orders that place a 10% baseline tariff on all imports and much higher rates on nations that put taxes on U.
President Trump is cracking down on a popular tariff exemption for goods from China that allowed small shipments to avoid duties and customs inspections. Trump on Wednesday signed an executive order eliminating the so-called de minimis provision for low-value parcels from China,