cross-posted from: https://lemmy.world/post/25140119
"Mr. Trump’s tariff increase also eliminated a duty-free exemption for low-value packages coming from China. The “de minimis” exemption allows goods valued at $800 or below to come into the United States without paying duties or certain taxes.
But it has faced scrutiny due to a surge in shipments claiming the exemption in recent years.
U.S. officials pointed to the growth of Chinese-founded online retailers Shein and Temu as a key factor behind that increase — and Tuesday’s halt could delay parcels from both companies from entering the country."
Edit Less than 24 hours later, the policy is reversed:
Likely just a stock market shakeup tactic so his rich friends can buy low in the chaos that even just an announcement of this makes.
Fuck this country.
Lol that was quick.
Someone probably told him about eCommerce…