Economic Finesse
  • Business
  • Stock
  • Politics
  • Investing
No Result
View All Result
  • Business
  • Stock
  • Politics
  • Investing
No Result
View All Result
Economic Finesse
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

The Real Drivers of This Market: AI, Semis & Robotics

Next Post

Top 5 Canadian Mining Stocks This Week: Helius Metals Jumps 67 Percent

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    JPMorgan marks 1,000th branch opening since 2018 expansion plans

    JPMorgan marks 1,000th branch opening since 2018 expansion plans

    August 2, 2025
    The Real Drivers of This Market: AI, Semis & Robotics

    The Real Drivers of This Market: AI, Semis & Robotics

    August 2, 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 2, 2025
    Element79 Gold Corp Announces Execution of Definitive Agreement to Acquire Gold Mountain Project in Nevada

    Element79 Gold Corp Announces Execution of Definitive Agreement to Acquire Gold Mountain Project in Nevada

    August 2, 2025

    Disclaimer: economicfinesse.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.

    Browse by Category

    • Business
    • Investing
    • Politics
    • Stock

    Recent News

    JPMorgan marks 1,000th branch opening since 2018 expansion plans

    JPMorgan marks 1,000th branch opening since 2018 expansion plans

    August 2, 2025
    The Real Drivers of This Market: AI, Semis & Robotics

    The Real Drivers of This Market: AI, Semis & Robotics

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

    Copyright © 2024 Economic Finesse. All Rights Reserved.

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

    Copyright © 2024 Economic Finesse. All Rights Reserved.