Trump's new 50% tariff threat on China
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The Trump administration is moving forward with a plan to close a trade loophole that previously allowed cheap goods from China to avoid tariffs.
From Axios Sneak Peek
The Australian stock market plunged on Monday as the impact of the Trump administration’s tariffs hit investor sentiment.
From The Financial Times
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4don MSN
An executive order imposes tariffs on small-value shipments from China that were previously exempt from duties.
Shein and Temu rapidly expanded in the U.S. using the de minimis provision to deliver ultra-cheap fast-fashion items from China.
A Latin term that used to be little-known outside the world of customs brokers has become the stuff of headlines. That’s thanks to US President Donald Trump signing an executive order on April 2 to close a tariff loophole for “de minimis” merchandise from China and Hong Kong.
Cheap clothing and products from Shein, Temu and other Chinese online retailers could soon get more expensive. The White House is ending an exemption that prevented tariffs on sma
An overlooked executive order, crowded out by the administration’s new tariff schedule, could have big implications for relatively small imports. On Wednesday, Trump signed an executive order that ended “de minimis” treatment for small or low-value Chinese imports.
As President Donald Trump continues to extol the need to "take the medicine" over tariffs, U.S. consumers will face likely price hikes for these six product categories.
The near century-old de minimis loophole helped startup marketplaces like Temu and Shein expand rapidly in the U.S.
Trump signed an executive order Wednesday to end the so-called “de minimis” exemption on merchandise from China and Hong Kong. The rule allowed companies to avoid import taxes and certain customs paperwork on packages worth $800 or less.
Trump, 78, argued that the so-called de minimus exception allowed shippers from the People’s Republic and Hong Kong to “hide illicit substances” in packaging and products.
Temu is a well-known e-commerce site with bargain prices, but its success may be trumped by the new tariffs in the United States. Here's what you need to know.