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

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

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
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

July 8, 2025
Analysis-To weather Trump, emerging market investors look to the frontier

Analysis-To weather Trump, emerging market investors look to the frontier

January 27, 2025
Over 158 million Americans voted in 2024 as Trump reclaimed the White House

Over 158 million Americans voted in 2024 as Trump reclaimed the White House

July 7, 2025
Obama leading Biden off stage by the hand ‘really pissed me off,’ Hunter Biden seethes

Obama leading Biden off stage by the hand ‘really pissed me off,’ Hunter Biden seethes

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Obama leading Biden off stage by the hand ‘really pissed me off,’ Hunter Biden seethes

Obama leading Biden off stage by the hand ‘really pissed me off,’ Hunter Biden seethes

October 22, 2025
Alliance with US ‘dismantled’ by leftist Petro regime, Colombia’s former defense minister says

Alliance with US ‘dismantled’ by leftist Petro regime, Colombia’s former defense minister says

October 22, 2025
SEN LINDSEY GRAHAM: Comey’s FBI investigated me and 8 colleagues in anti-Trump crusade

SEN LINDSEY GRAHAM: Comey’s FBI investigated me and 8 colleagues in anti-Trump crusade

October 22, 2025
GOP lawmakers warn Trump’s Argentina beef proposal could rattle US ranchers

GOP lawmakers warn Trump’s Argentina beef proposal could rattle US ranchers

October 22, 2025

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Obama leading Biden off stage by the hand ‘really pissed me off,’ Hunter Biden seethes

    Obama leading Biden off stage by the hand ‘really pissed me off,’ Hunter Biden seethes

    October 22, 2025
    Alliance with US ‘dismantled’ by leftist Petro regime, Colombia’s former defense minister says

    Alliance with US ‘dismantled’ by leftist Petro regime, Colombia’s former defense minister says

    October 22, 2025
    SEN LINDSEY GRAHAM: Comey’s FBI investigated me and 8 colleagues in anti-Trump crusade

    SEN LINDSEY GRAHAM: Comey’s FBI investigated me and 8 colleagues in anti-Trump crusade

    October 22, 2025
    GOP lawmakers warn Trump’s Argentina beef proposal could rattle US ranchers

    GOP lawmakers warn Trump’s Argentina beef proposal could rattle US ranchers

    October 22, 2025

    Top News

    Obama leading Biden off stage by the hand ‘really pissed me off,’ Hunter Biden seethes

    Obama leading Biden off stage by the hand ‘really pissed me off,’ Hunter Biden seethes

    October 22, 2025
    Alliance with US ‘dismantled’ by leftist Petro regime, Colombia’s former defense minister says

    Alliance with US ‘dismantled’ by leftist Petro regime, Colombia’s former defense minister says

    October 22, 2025

    Latest News

    • Obama leading Biden off stage by the hand ‘really pissed me off,’ Hunter Biden seethes
    • Alliance with US ‘dismantled’ by leftist Petro regime, Colombia’s former defense minister says
    • SEN LINDSEY GRAHAM: Comey’s FBI investigated me and 8 colleagues in anti-Trump crusade

    About Finance Fusion Network

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

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

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

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.