Trump tariffs can plug loophole that helped Chinese retailers

  • Posted on February 2, 2025
  • By Business News Today
  • 3 Views
Trump tariffs can plug loophole that helped Chinese retailers

US President Trump's tariffs on Canada, Mexico, and China aim to close a loophole that allowed duty-free imports of small packages under $800, targeting especially Chinese e-commerce retailers. This move will impact companies like Alibaba and Shein, which heavily relied on the de minimis exemption to ship goods directly to US consumers.
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