Olde Hornet
Well-Known Member
Trump Makes Another Move That’s Going to Hurt Your Wallet
President Donald Trump’s “Liberation Day” announcements on Wednesday delivered a blow not just to key trading partners—but also to popular companies like ultra-cheap Chinese retailers Shein and Temu. Along with a flurry of new tariffs announced by Trump, the White House said the president signed...
Wednesday’s announcement means that goods valued at or under $800 will be subject to a duty of either 30 percent of their value or $25 per item, which will increase to $50 after June 1.
The White House claimed that shutting down the de minimis exemption was “a critical step in countering the ongoing health emergency posed by the illicit flow of synthetic opioids into the U.S.”
“President Trump is targeting deceptive shipping practices by Chinese-based shippers, many of whom hide illicit substances, including synthetic opioids, in low-value packages to exploit the de minimis exemption,” it said in a fact sheet.
“While the U.S. previously offered a generous de minimis exemption, China enforces strict import restrictions and tightly limits de minimis exemptions, showing no similar leniency toward U.S. shipments,” the White House added.
