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@ tzongocu
2025-05-02 08:02:56
📰 News Alert...
🔖 Title: Trump Ends De Minimis Tariff Loophole, Aims to Reshape Import Landscape
🗓️ Published: 2025-05-01T20:15:00-04:00
📄 Summary: A significant shift in U.S. trade policy occurred as the de minimis tariff exemption, which allowed low-value imports under $800 to enter without fees, was closed. This move, part of President Trump's broader tariff strategy on China, is expected to raise prices on popular imports from online retailers like Shein and Temu. Critics argue this could lead to increased costs for American consumers and alter the landscape of fast fashion and household goods in the U.S. as the administration seeks to curb unfair trade practices.
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https://www.theguardian.com/us-news/2025/may/02/why-is-trump-ending-de-minimis-tariff-loophole-low-value-goods
🗞️ Source: Amy Hawkins
💓 #TradePolicy #Tariffs #Ecommerce