Reported about 9 hours ago
Donald Trump's recent tariffs on Chinese imports, specifically a new 10% tax, will effectively close the de minimis exemption allowing shipments worth under $800 to enter the U.S. duty-free. This policy, which has fueled the growth of affordable online retailers like Shein and Temu, is designed to level the playing field for U.S. manufacturers and address concerns over drug trafficking. The end of this exemption could significantly increase costs for American consumers, particularly impacting those who frequently purchase from these Chinese retailers.
Source: YAHOO