US EditionSignificant change in U.S. trade policy now impacting many Americans
- On May 2, 2025, the United States ended the de minimis exemption, closing a major loophole that allowed small shipments under $800 to enter duty-free from China and Hong Kong.
- This change resulted from President Donald Trump's tariff policies aimed at closing what he called a 'big scam' and a conduit for illegal drugs within the trade framework.
- The exemption had allowed retailers like Shein and Temu to sell inexpensive Chinese goods in the U.S., with 62 percent of de minimis shipments in 2023 coming from China, totaling about $33.8 billion.
- Consumers now face duties of 30% or $25 per item, increasing to $50 after June 1, 2025, which industry reports and polls show is already causing price hikes and financial strain for many Americans.
- This policy change is expected to reduce low-cost import options, especially impacting lower-income households and small businesses, and has sparked concern among Republican lawmakers who remain cautious about opposing the president.
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Trump could face pushback over number that's 'very disturbing to Republicans': report
New polling that shows Americans believe president Donald Trump's tariffs have hurt their personal finances, and a congressional correspondent said those numbers were "disturbing" to Republican lawmakers.A major shipping loophole closed Friday, removing the de minimis exemption that allowed shipments of goods worth $800 or less to come into the U.S duty-free, which allowed low-cost Chinese retailers like Shein, Temu and AliExpress to flourish, b…
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