The expiration of the de minimis exception has significant implications for US businesses and consumers, particularly regarding low-value imports from China and Hong Kong. Previously, items valued under $800 could be imported duty-free, benefiting retailers like Shein and Temu. However, under the new rules implemented by the Trump Administration, a 30% fee will apply to these packages, with additional flat fees starting in June. This regulatory shift, part of broader trade tensions, has already prompted price increases from retailers, impacting the affordability of a vast range of products.
The expiration of the de minimis exception means businesses can no longer import low-value goods from China and Hong Kong without incurring new fees, significantly increasing consumer costs.
Retailers like Shein and Temu, heavily reliant on the de minimis loophole, have already adjusted their pricing strategies in response to the new tariffs imposed by the Trump Administration.
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