Trump terminates exemption for cheap global goods

1 min read
Source: CNBC
Trump terminates exemption for cheap global goods
Photo: CNBC
TL;DR Summary

President Trump signed an executive order ending the de minimis exemption for low-value international shipments to the U.S., effective August 29, which will now impose duties on packages valued at $800 or less, aiming to curb illegal shipments and protect U.S. businesses amid rising online shopping and shipment volumes.

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