Higher prices await US buyers of small China shipments as Trump trade war tariffs bite
Online retailers like Shein and Temu are targeted by closing of de minimis loophole with ‘immediately apparent’ impact, analysts say
“A lot of people, especially in college, shop in those places because the prices are so low compared to things you can find in the US,” said the 21-year-old film major. “Especially people my age will be upset because things that they have relied on, cheap alternatives, will go up.”
On Friday, after months of headlines and looming threats, almighty American consumers are set to get their first direct taste of Trump’s tumultuous tariff policies when a key loophole on small, imported shipments – the “de minimis” provision – slams shut.
This assumes that the mercurial president, who has called the loophole a “scam” and conduit for illegal drugs, does not reverse himself as he did ahead of a similar deadline in February.
For almost a century, a once obscure provision with a rarefied Latin name has allowed American consumers to enjoy foreign products without the expense or hassle of dealing with customs forms and duties.