Big Board Traders
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Big Board Traders
No Result
View All Result
Home Editor's Pick

Trump ends de minimis exemption for global low-cost goods

by
July 31, 2025
in Editor's Pick
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

Recall warns some Celsius energy drink cans accidentally contain alcohol

Next Post

Let liberals lose their minds over Sydney Sweeney while I go jeans shopping

Next Post
Let liberals lose their minds over Sydney Sweeney while I go jeans shopping

Let liberals lose their minds over Sydney Sweeney while I go jeans shopping

  • Trending
  • Comments
  • Latest
Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

October 24, 2024
Tucker Carlson says father Trump will give ‘spanking’ at rowdy Georgia rally

Tucker Carlson says father Trump will give ‘spanking’ at rowdy Georgia rally

October 24, 2024
A GOP operative accused a monastery of voter fraud. Nuns fought back.

A GOP operative accused a monastery of voter fraud. Nuns fought back.

October 24, 2024
American creating deepfakes targeting Harris works with Russian intel, documents show

American creating deepfakes targeting Harris works with Russian intel, documents show

October 23, 2024
Trump Clashes With Reporter Over Tariffs, Citing Pandemic and ‘Fighting Lunatics’

Trump Clashes With Reporter Over Tariffs, Citing Pandemic and ‘Fighting Lunatics’

0
Trump attacks Harris with racist stereotype, eyes ‘extreme power’ as president

Trump attacks Harris with racist stereotype, eyes ‘extreme power’ as president

0
Kamala Harris’s narrow opening with GOP-leaning voters

Kamala Harris’s narrow opening with GOP-leaning voters

0
Obama rallies with Walz in Wisconsin: ‘America is ready to turn the page’

Obama rallies with Walz in Wisconsin: ‘America is ready to turn the page’

0
Trump Clashes With Reporter Over Tariffs, Citing Pandemic and ‘Fighting Lunatics’

Trump Clashes With Reporter Over Tariffs, Citing Pandemic and ‘Fighting Lunatics’

August 1, 2025
Apple crushes Wall Street expectations as iPhone sales soar

Apple crushes Wall Street expectations as iPhone sales soar

August 1, 2025
Longtime Biden aide testifies he stood to earn up to $8M had president won re-election

Longtime Biden aide testifies he stood to earn up to $8M had president won re-election

August 1, 2025
Secret Service must ‘course correct’ after alleged smuggling episode on Trump trip, former agent says

Secret Service must ‘course correct’ after alleged smuggling episode on Trump trip, former agent says

August 1, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Top News

    Trump Clashes With Reporter Over Tariffs, Citing Pandemic and ‘Fighting Lunatics’

    Trump Clashes With Reporter Over Tariffs, Citing Pandemic and ‘Fighting Lunatics’

    August 1, 2025
    Apple crushes Wall Street expectations as iPhone sales soar

    Apple crushes Wall Street expectations as iPhone sales soar

    August 1, 2025

    Latest News

    • Trump Clashes With Reporter Over Tariffs, Citing Pandemic and ‘Fighting Lunatics’
    • Apple crushes Wall Street expectations as iPhone sales soar
    • Longtime Biden aide testifies he stood to earn up to $8M had president won re-election

    About Big Board Traders

    Copyright © 2025 bigboardtraders.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 bigboardtraders.com | All Rights Reserved