Bank Street Journal
  • Business
  • Politics
  • World
  • Investing
  • Business
  • Politics
  • World
  • Investing
No Result
View All Result
Bank Street Journal
No Result
View All Result
Home Business

Trump ends de minimis exemption for global low-cost goods

July 31, 2025
in Business
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

North Korea breaks silence on Trump’s return, sends message from ‘Rocket Man’

Next Post

Recall warns some Celsius energy drink cans accidentally contain alcohol

Next Post
Recall warns some Celsius energy drink cans accidentally contain alcohol

Recall warns some Celsius energy drink cans accidentally contain alcohol

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Recent News

    US sanctions Palestinian Authority officials after rejecting global push to give it control of Gaza

    US sanctions Palestinian Authority officials after rejecting global push to give it control of Gaza

    August 1, 2025
    US, UK and a dozen other nations call out Iran attempts to ‘kill, kidnap, harass’ citizens

    US, UK and a dozen other nations call out Iran attempts to ‘kill, kidnap, harass’ citizens

    August 1, 2025
    Banned chemicals found in American shampoo, sunscreen and tampons across major brands

    Banned chemicals found in American shampoo, sunscreen and tampons across major brands

    August 1, 2025
    Homesick GOP senators mull throwing out the rules over stonewalling Dems

    Homesick GOP senators mull throwing out the rules over stonewalling Dems

    August 1, 2025
    Disclaimer: bankstreetjournal.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.

    Popular

    This July 4th, a family waits: American hostage’s father pleads for son’s freedom from Hamas terrorists

    This July 4th, a family waits: American hostage’s father pleads for son’s freedom from Hamas terrorists

    July 5, 2025

    King Charles to emphasize bonds between UK and France as he welcomes Macron in first European state visit since Brexit

    King Charles to emphasize bonds between UK and France as he welcomes Macron in first European state visit since Brexit

    July 8, 2025

    Recent News

    US sanctions Palestinian Authority officials after rejecting global push to give it control of Gaza

    US sanctions Palestinian Authority officials after rejecting global push to give it control of Gaza

    August 1, 2025
    US, UK and a dozen other nations call out Iran attempts to ‘kill, kidnap, harass’ citizens

    US, UK and a dozen other nations call out Iran attempts to ‘kill, kidnap, harass’ citizens

    August 1, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 BankStreetJournal.com | All Rights Reserved

    No Result
    View All Result
    • Business
    • Politics
    • World
    • Investing

    Copyright © 2024 BankStreetJournal.com | All Rights Reserved