• About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
Red Liberty Press
  • Business
  • World
  • Science
  • Investing
No Result
View All Result
  • Business
  • World
  • Science
  • Investing
No Result
View All Result
Red Liberty Press
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

Sranan Gold: Unlocking Suriname’s Next Multi-Million-Ounce Discovery in the Guiana Shield

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.

    Latest News

    Sranan Gold Samples Additional High-Grade Gold Mineralization at the Tapanahony Project in Suriname

    Sranan Gold Samples Additional High-Grade Gold Mineralization at the Tapanahony Project in Suriname

    August 1, 2025
    Saskatchewan Shines in Mining Survey, Finland Takes Global Lead

    Saskatchewan Shines in Mining Survey, Finland Takes Global Lead

    August 1, 2025
    Angkor Resources Assists With Aid Efforts For Displaced Cambodians Due To Border Conflict

    Angkor Resources Assists With Aid Efforts For Displaced Cambodians Due To Border Conflict

    August 1, 2025
    Group Eleven Closes C$5.75M Bought Deal Private Placement, Including Full Exercise of C$750,000 Underwriters’ Option

    Group Eleven Closes C$5.75M Bought Deal Private Placement, Including Full Exercise of C$750,000 Underwriters’ Option

    August 1, 2025

    Disclaimer: redlibertypress.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.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 redlibertypress.com | All Rights Reserved

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

    Copyright © 2024 redlibertypress.com | All Rights Reserved