US EditionTrump Closes De Minimis Loophole for All Countries, Ending Duty-Free Shipping
4 Articles
4 Articles
Alibaba, Amazon, Shein Brace For Impact As Trump Nixes Duty-Free Threshold - Alibaba Gr Hldgs (NYSE:BABA), PDD Holdings (NASDAQ:PDD), Amazon.com (NASDAQ:AMZN)
Trump introduces sweeping tariff policy targeting online retail giants like Alibaba, Amazon, PDD, and Shein, closing a loophole for low-value imports under $800.
US consumers need to adapt to more expensive orders from abroad, because US President Trump is lifting the de minimis rule: small packages will require suppliers to pay between 80 and 200 dollars in future.
Trump Closes De Minimis Loophole for All Countries, Ending Duty-Free Shipping
President Donald Trump on Wednesday signed new trade restrictions that will end duty-free treatment for small packages from all countries, expanding his administration’s crackdown on what officials call an exploited shipping loophole. The executive order will implement new tariffs starting August 29 on imported goods valued at $800 or less, regardless of origin. This broadens earlier restrictions that Trump placed specifically on shipments from …
President Trump Ends Unfair “De Minimis” Tariff Exemption, A Major Victory in Securing the Homeland
President Trump signed an Executive Order suspending duty-free de minimis tariff exemptions for low-value shipments from all countries. His order empowers Homeland Security Secretary Kristi Noem to close this loophole which was used to avoid tariffs and smuggle deadly synthetic opioids like fentanyl into the United States.
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