• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Trump ends de minimis exemption for global low-cost goods
Economy

Trump ends de minimis exemption for global low-cost goods

by July 31, 2025
by July 31, 2025 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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

You Might Also Like
  • Palantir joins list of 20 most valuable U.S. companies, with stock more than doubling in 2025
  • Things are getting better at Boeing under CEO Ortberg, but can he keep it going?
  • A flagging U.S. industry looks for new life in a Philadelphia shipyard
  • Orange juice importer says Brazil tariffs will squeeze American consumers
Share
0
FacebookTwitterPinterestWhatsapp

previous post
SAGA Metals Completes Strategic Infrastructure Upgrades in Preparation for Major Drill Program at the 100% Owned Radar Titanium Property in Labrador, Canada

You may also like

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Trump’s tariffs on Brazil could make your coffee even more...

July 15, 2025

Trump says it’s ‘highly unlikely’ he will fire Fed Chair...

July 18, 2025

Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

July 15, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Musk’s brain implant company filed as a ‘disadvantaged business’

July 19, 2025

White House accuses Powell of mismanaging Federal Reserve, citing headquarters...

July 15, 2025

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

FCC greenlights Paramount’s $8 billion merger with entertainment group Skydance

July 26, 2025

A flagging U.S. industry looks for new life in a...

July 18, 2025

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


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

    Recent Posts

    • Gold Retreats, Equities Down as Fed Leaves Rates Unchanged​

      July 31, 2025
    • Trump ends de minimis exemption for global low-cost goods

      July 31, 2025
    • SAGA Metals Completes Strategic Infrastructure Upgrades in Preparation for Major Drill Program at the 100% Owned Radar Titanium Property in Labrador, Canada

      July 30, 2025
    • Union Pacific to buy Norfolk in $85 billion mega U.S. railroad deal

      July 30, 2025
    • Top 5 Junior Copper Stocks on the TSXV in 2025

      July 29, 2025

    Popular Posts

    • 1

      Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

      April 21, 2025 191 views
    • 2

      Buy Bitcoin Under $100K Before The Next Bull...

      April 22, 2025 162 views
    • 3

      Market Signals Align – Is a Bigger Move...

      July 2, 2025 160 views
    • 4

      IBN Announces Latest Episode of The MiningNewsWire Podcast...

      July 24, 2025 112 views
    • 5

      A flagging U.S. industry looks for new life...

      July 18, 2025 108 views

    Categories

    • Economy (21)
    • Editor's Pick (23)
    • Investing (29)
    • Stock (45)

    Popular Posts

    • 1

      Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

      April 21, 2025
    • 2

      Buy Bitcoin Under $100K Before The Next Bull Run

      April 22, 2025
    • 3

      Market Signals Align – Is a Bigger Move Ahead?

      July 2, 2025
    • 4

      IBN Announces Latest Episode of The MiningNewsWire Podcast featuring Chairman Kal Malhi and CEO Paul Ténière of LaFleur Minerals Inc.

      July 24, 2025
    • 5

      A flagging U.S. industry looks for new life in a Philadelphia shipyard

      July 18, 2025

    Latest News

    • Gold Retreats, Equities Down as Fed Leaves Rates Unchanged​

      July 31, 2025
    • Trump ends de minimis exemption for global low-cost goods

      July 31, 2025
    • SAGA Metals Completes Strategic Infrastructure Upgrades in Preparation for Major...

      July 30, 2025

    Categories

    • Economy (21)
    • Editor's Pick (23)
    • Investing (29)
    • Stock (45)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    • Thank you

    Copyright © 2025 roundtablethoughts.com | All Rights Reserved

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Orange juice importer says Brazil tariffs...

    July 22, 2025

    White House accuses Powell of mismanaging...

    July 15, 2025

    UnitedHealth says it faces DOJ investigation...

    July 25, 2025
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here