The retail giant's chief executives said the de minimis loophole, which until now allowed small parcels under $800 to enter the US duty-free, would hit competitors like Shein. Trump is set to close the de minimis exemption for goods coming from all countries on Friday. Francis Conforti, Urban Outfitters' operating chief, said the exemption had "really immaterial impact" on the company and that he was not worried that its absence would impact the business.