The Finance Focus News
  • Politics
  • Business
  • Investing
  • Stock
No Result
View All Result
  • Politics
  • Business
  • Investing
  • Stock
No Result
View All Result
The Finance Focus News
No Result
View All Result
Home Business

Trump ends de minimis exemption for global low-cost goods

August 1, 2025
in Business
Trump ends de minimis exemption for global low-cost goods

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

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

Next Post

Top 5 Canadian Nickel Stocks of 2025

    Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!


    By signing up, you're cool with getting emails from us. Don’t worry—your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    August 2025
    M T W T F S S
     123
    45678910
    11121314151617
    18192021222324
    25262728293031
    « Jul    

    Recent News

    Trump endorses ‘MAGA warrior’ for RNC chairman after Whatley launches Senate campaign

    Trump endorses ‘MAGA warrior’ for RNC chairman after Whatley launches Senate campaign

    August 2, 2025
    WATCH: Trump says he is hopeful Hillary Clinton will be investigated for election fraud

    WATCH: Trump says he is hopeful Hillary Clinton will be investigated for election fraud

    August 2, 2025
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thefinancefocusnews.com | All Rights Reserved

    No Result
    View All Result
    • Contact us
    • Home 1
    • Privacy Policy
    • Terms & Conditions
    • Thank you

    Copyright © 2025 thefinancefocusnews.com | All Rights Reserved