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.