Trump's Trade Policy Changes Impact Global Goods and Shipping
TL;DR Summary
The White House announced the end of the 'de minimis' exemption on August 29, which previously allowed packages under $800 to enter the US duty-free, impacting international online retailers like Shein and Temu by increasing costs for American consumers and affecting US businesses. The move aims to raise tariffs on low-value imports, especially from China, and could lead to higher prices and longer shipping times, while also impacting US retail competition.
- Trump ends international tax loophole: What it means for consumers, businesses Axios
- Trump ends de minimis exemption for global low-cost goods CNBC
- US ends tariff exemption for all low-value packages Reuters
- Trump closes key trade loophole, impacting Shein, Temu orders USA Today
- FedEx and UPS Shares Fall After White House Sets End Date for ‘De Minimis’ Rule The Wall Street Journal
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