Trump Signs Order Delaying Tariffs on De Minimis Imports From China
(Reuters) - U.S. President Donald Trump on Friday signed an executive order delaying tariffs on de minimis, or low-cost, packages from China until the Commerce Department can confirm that procedures and systems are in place to process packages and collect tariff revenue.
Friday saw the president reopen the floodgates for millions of duty-free shipments from e-commerce firms like Shein and Temu.
Trump's tariff executive order closes the de minimis tax loophole, causing brands to scramble for solutions.
Eliminating tariff exemptions will increase import delivery times and make direct-to-consumer goods more expensive.
8hon MSN
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