• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Trump ends de minimis exemption for global low-cost goods

by July 31, 2025
written by July 31, 2025

President Donald Trump on Wednesday signed an executive order ending the de minimis trade loophole for low-value packages shipped from all countries.

The order, which takes effect Aug. 29, will subject any shipments of imported goods into the U.S. worth $800 or less to duties, the White House said.

Any goods shipped through the international postal network will be subject to tariff rates based on the value of the package and its country of origin.

The move comes after Trump in May shuttered the de minimis loophole for goods from China and Hong Kong. A federal trade court on Monday declined to block Trump’s de minimis ban, even after an auto parts retailer argued the action was unlawful and threatened its business.

Use of the de minimis provision has exploded in recent years as online shopping has become more prevalent. Ultra-cheap online retailers such as Temu and Shein have used the loophole to ship packages to American shoppers directly from China duty-free.

Shares of PDD Holdings, the parent company of Temu, dipped lower following the announcement.

The Trump administration has sought to close the loophole, calling it a “big scam” that hurts U.S. businesses. Officials have said de minimis facilitates shipments of fentanyl and other illicit substances, saying the packages are less likely to be inspected by customs agents.

The volume of de minimis shipments has skyrocketed to 309 million units so far this fiscal year, up from 115 million for all of last year, the White House said.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Inside Biden confidante Steve Ricchetti’s ‘combative’ eight-hour grilling in House Oversight cover-up probe
next post
Let liberals lose their minds over Sydney Sweeney while I go jeans shopping

related articles

JPMorgan marks 1,000th branch opening since 2018 expansion...

August 1, 2025

Apple crushes Wall Street expectations as iPhone sales...

August 1, 2025

Ontario cancels internet deal with Musk’s Starlink as...

July 31, 2025

Recall warns some Celsius energy drink cans accidentally...

July 31, 2025

Union Pacific to buy Norfolk in $85 billion...

July 29, 2025

Things are getting better at Boeing under CEO...

July 29, 2025

Elon Musk confirms Tesla has signed a $16.5...

July 28, 2025

Palantir joins list of 20 most valuable U.S....

July 26, 2025

FCC greenlights Paramount’s $8 billion merger with entertainment...

July 25, 2025

Microsoft’s Satya Nadella says job cuts have been...

July 25, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Sullivan claims Biden admin leaves Russia, China and Iran ‘weaker,’ America ‘safer’ before Trump handoff

    January 12, 2025
  • Domino’s Pizza stock crashes as American consumer struggles with rising food prices

    July 18, 2024
  • 2024 Countdown: Harris has post-DNC momentum but Trump is burning up campaign trail with 10 weeks left

    August 27, 2024
  • This July 4th, a family waits: American hostage’s father pleads for son’s freedom from Hamas terrorists

    July 4, 2025
  • European stocks register best day in years: DAX up over 4%, FTSE jumps 3%

    April 11, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,602)
  • Investing (634)
  • Stock (867)

Latest Posts

  • Tulsi Gabbard thanks Trump for ‘unwavering leadership’ in Oval Office clash with Zelenskyy

    March 1, 2025
  • Trump admin cuts additional $1M in federal funding for ‘transgender animal’ experiments

    March 25, 2025
  • Vance takes faith approach after Harris mocked pro-life protesters at rally: ‘Jesus is King’

    October 21, 2024

Recent Posts

  • Mutiny threat sparks House GOP infighting ahead of Trump visit: ‘Just more stupid’

    November 13, 2024
  • Trump sends special message to stranded astronauts, jokes he may go along for rescue: ‘We love you’

    March 7, 2025
  • Trump rips House Republican who voted to impeach him in message endorsing his rival

    October 29, 2024

Editor’s Pick

  • Denmark PM says ‘you cannot spy against an ally’ following reports of US spying on Greenland

    May 10, 2025
  • AOC, Sanders tell supporters to mask up for West Coast town halls

    March 14, 2025
  • North Korea vows to expand nuclear forces, blasts US for ‘outdated’ denuclearization plan

    February 18, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock