The Trump administration has officially abolished the de minimis rule, which allowed American consumers to buy goods from China worth up to $800 without incurring tariffs. This decision aims to support U.S. manufacturers facing challenges from inexpensive Chinese products. However, it will likely lead to increased prices for U.S. shoppers. The loophole had permitted a surge in packages entering the U.S. tariff-free, particularly during Trump's presidency, as companies sought ways to avoid tariffs imposed on Chinese imports. During a cabinet meeting, Trump labeled the loophole a 'scam' that disadvantaged small American businesses.
The Trump administration's elimination of the de minimis rule aims to level the playing field for U.S. manufacturers by addressing the loophole allowing Chinese goods to avoid tariffs.
President Trump criticized the de minimis loophole as a scam that undermined American businesses, asserting that the change would end an unfair advantage for imports.
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