US EditionEden Prairie CEO welcomes end to 'unfair' trade rule
- President Trump announced changes to U.S. trade policy on Wednesday, including nixing a tariff exemption.
- The de minimis exemption, which some considered an unfair loophole, allowed tariff-free entry for low-cost imports.
- Shipments from online retailers Shein and Temu, originating in China, utilized this exemption for goods under $800.
- Mission Outdoor CEO Corey Uchtman stated the rule change levels a 'playing field'.
- The executive order, effective May 2, subjects these imports to duties, potentially disrupting low-cost product imports.
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Giants Shein and Temu, directly targeted in the trade war launched by the US. What loophole did Trump close - HotNews.ro
US President Donald Trump signed an executive order on Wednesday to cancel the customs duty exemption that small packages sent from China benefited from, a mechanism that, among other things, allowed Chinese trade giants…
·Romania
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Tariff Loophole That Helped Temu, Shein Will Close May 2
De minimis tariff exemptions, which currently allow packages worth as much as $800 from China and Hong Kong to enter the US duty free, will end on May 2, the White House said, a potential blow to discount marketplaces like Temu and Shein.
·United States
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