Legacy Stock Review
Subscribe
  • Economy
  • Forex
  • Stocks
  • Trading
No Result
View All Result
  • Economy
  • Forex
  • Stocks
  • Trading
No Result
View All Result
Legacy Stock Review
No Result
View All Result
Home Economy

Trump ends de minimis exemption for global low-cost goods

admin by admin
July 31, 2025
in Economy
0
Trump ends de minimis exemption for global low-cost goods
0
SHARES
2
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

Meta stock jumps 12% after Q2 beat as AI bets pay off: how analysts are pricing it in

Next Post

Here’s The Key Sign Suggesting Altcoin Season Is Coming In August

Next Post
Here’s The Key Sign Suggesting Altcoin Season Is Coming In August

Here’s The Key Sign Suggesting Altcoin Season Is Coming In August

    Subscribe

    ×

    Subscribe to Turbo Trade Pro

    Latest

    XRP Price Prediction, Pi Coin Latest News and Layer Brett Quickly Becomes The Best Meme Coin To Buy In 2025

    XRP Price Prediction, Pi Coin Latest News and Layer Brett Quickly Becomes The Best Meme Coin To Buy In 2025

    August 22, 2025
    Walmart boosts sales outlook as it says tariff costs are rising

    Walmart boosts sales outlook as it says tariff costs are rising

    August 22, 2025
    Dow futures soar ahead of Powell’s speech today: 5 things to know before Wall Street opens

    Dow futures soar ahead of Powell’s speech today: 5 things to know before Wall Street opens

    August 22, 2025
    Top Crypto Presales for Massive ROI Potential Feature Bitcoin Swift and Light Chain AI

    Top Crypto Presales for Massive ROI Potential Feature Bitcoin Swift and Light Chain AI

    August 21, 2025

    Browse by Category

    • Economy
    • Forex
    • Stocks
    • Trading
    • Cookie Notice
    • Privacy Policy
    • Terms & Conditions
    • Contacts
    • Trading Tools
    • Contacts
    • Cookie Notice
    • Investing and Stock News
    • Privacy Policy
    • Terms & Conditions
    • Thank you
    • Trading Tools

    No Result
    View All Result
    • Contacts
    • Cookie Notice
    • Investing and Stock News
    • Privacy Policy
    • Terms & Conditions
    • Thank you
    • Trading Tools