Economic Trends Daily
Advertisement
  • Investing
  • Economy
  • Stocks
  • Business
No Result
View All Result
  • Investing
  • Economy
  • Stocks
  • Business
No Result
View All Result
Economic Trends Daily
No Result
View All Result
Home Business

Trump ends de minimis exemption for global low-cost goods

admin by admin
July 31, 2025
in Business
0
Trump ends de minimis exemption for global low-cost goods
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

President Donald Trump on Wednesday signed an executive order ending the de minimis trade loophole for low-value packages shipped from all countries.

The order, which takes effect Aug. 29, will subject any shipments of imported goods into the U.S. worth $800 or less to duties, the White House said.

Any goods shipped through the international postal network will be subject to tariff rates based on the value of the package and its country of origin.

The move comes after Trump in May shuttered the de minimis loophole for goods from China and Hong Kong. A federal trade court on Monday declined to block Trump’s de minimis ban, even after an auto parts retailer argued the action was unlawful and threatened its business.

Use of the de minimis provision has exploded in recent years as online shopping has become more prevalent. Ultra-cheap online retailers such as Temu and Shein have used the loophole to ship packages to American shoppers directly from China duty-free.

Shares of PDD Holdings, the parent company of Temu, dipped lower following the announcement.

The Trump administration has sought to close the loophole, calling it a “big scam” that hurts U.S. businesses. Officials have said de minimis facilitates shipments of fentanyl and other illicit substances, saying the packages are less likely to be inspected by customs agents.

The volume of de minimis shipments has skyrocketed to 309 million units so far this fiscal year, up from 115 million for all of last year, the White House said.

This post appeared first on NBC NEWS

Previous Post

Piche Resources

Next Post

S&P 500 Breaking Out Again: What This Means for Your Portfolio

admin

admin

Next Post
S&P 500 Breaking Out Again: What This Means for Your Portfolio

S&P 500 Breaking Out Again: What This Means for Your Portfolio

Recent News

Stallion Uranium Announces Update to Previously Announced Technology Licensing Agreement

Stallion Uranium Announces Update to Previously Announced Technology Licensing Agreement

August 1, 2025
Silver Crown Announces Amendment

Silver Crown Announces Amendment

August 1, 2025
S&P 500 Breaking Out Again: What This Means for Your Portfolio

S&P 500 Breaking Out Again: What This Means for Your Portfolio

August 1, 2025
Ontario cancels internet deal with Musk’s Starlink as part of U.S. tariff fight

Ontario cancels internet deal with Musk’s Starlink as part of U.S. tariff fight

August 1, 2025
Disclaimer: economictrendsdaily.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 economictrendsdaily.com | All Rights Reserved

No Result
View All Result
  • About us
  • Contact us
  • Home 1
  • Home 2
  • Home 3
  • Home 4
  • Home 5
  • Home 6
  • Privacy Policy
  • Terms & Conditions
  • Thank you

Copyright © 2025 economictrendsdaily.com | All Rights Reserved