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Trump Administration Ends De Minimis Import Tax Exemption, Potentially Impacting Online Retail
Trump Administration Ends De Minimis Import Tax Exemption, Potentially Impacting Online Retail
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BTCCSquare news:
The Trump administration has eliminated the de minimis import tax exemption, a move that could Ripple through the online shopping industry. Previously, packages valued under $800 entered the U.S. duty-free. The exemption, initially created in 1938 for items worth $1 or less, had ballooned with inflation, enabling millions of low-value shipments annually.
Chinese e-commerce giants like Shein and Temu exploited this loophole, flooding the U.S. market with duty-free parcels. Now, consumers face higher prices and shipping delays as the policy expands globally. The administration first targeted Chinese imports in May before broadening the crackdown.
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