🇺🇸 TRUMP KILLS $800 IMPORT LOOPHOLE - TEMU, SHEIN, AND GLOBAL RETAIL JUST GOT HIT
Trump just ended the de minimis rule - meaning all imports under $800 now face tariffs, no matter where they’re from.
Starting end of Aug, every low-cost item shipped through the global postal system - think Temu, Shein, AliExpress - gets taxed based on value and origin.
White House says the loophole was a “scam” that cost U.S. businesses and let in illicit drugs.
Retailers say it’s a gut punch for cross-border e-commerce.
309 million packages later, the tariff axe has dropped.
Source: CNBC
Trump just ended the de minimis rule - meaning all imports under $800 now face tariffs, no matter where they’re from.
Starting end of Aug, every low-cost item shipped through the global postal system - think Temu, Shein, AliExpress - gets taxed based on value and origin.
White House says the loophole was a “scam” that cost U.S. businesses and let in illicit drugs.
Retailers say it’s a gut punch for cross-border e-commerce.
309 million packages later, the tariff axe has dropped.
Source: CNBC
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