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Trump closes loophole used by American shoppers to buy Chinese goods tariff-free (www.npr.org)

submitted 4 months ago by Powderhorn@beehaw.org to c/usnews@beehaw.org

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Popular e-commerce companies, including giants Shein and Temu, use the so-called "de minimis" exemption to ship tens of millions of packages — everything from end tables and lamps to shoes and underwear — to U.S. consumers every year.

So long as each individual package is worth $800 or less, they aren't required to pay import fees or go through typical customs inspections. But under an executive order signed by Trump Wednesday, that loophole will close on May 2.

These lower-value shipments will now face a tariff of 30% of the "value of the postal item containing goods for merchandise" with a minimum fee that will eventually rise to $50.

There goes AliExpress' business model ...

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