President Donald Trump's administration has proposed significant changes to US import tax policies, including blanket tariffs and an effort to close the de minimis exception that allows for duty-free goods valued under $800. This move is set against a backdrop of increasing online shopping, with the volume of such tax-exempt packages skyrocketing over recent years. Closing this loophole would require e-commerce platforms, notably those shipping directly from China, to adapt significantly, potentially raising prices for consumers and altering the retail landscape.
The de minimis provision has been on the books for nearly 100 years, but its significance has surged with online shopping magnifying tax-free imports.
Trump's executive order to close the de minimis loophole could drastically alter e-commerce, particularly for ultracheap retailers shipping products directly from China.
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