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Trump Suspends Trade Loophole For Cheap Online Retailers Globally
An anonymous reader quotes a report from Ars Technica: E-commerce giants everywhere felt the sting Wednesday when President Donald Trump announced that the US will be "suspending duty-free de minimis treatment for low-value shipments" worth $800 or less from anywhere in the world. Americans will lik...
An anonymous reader quotes a report from Ars Technica: E-commerce giants everywhere felt the sting Wednesday when President Donald Trump announced that the US will be " suspending duty-free de minimis treatment for low-value shipments" worth $800 or less from anywhere in the world. Price hikes will likely come this fall, as the trade loophole will be closed starting on August 29, with Amazon emerging as perhaps the biggest question mark for US consumers wondering how hard their wallets may be hit by the major trade policy change ahead of the holiday shopping season. In February, Trump temporarily ended the de minimis exemption for all imports from China, prompting China-based retailers Temu and Shein to raise their prices.
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