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Cheaper goods from China are no longer exempt from import duties, which could sharply raise prices for consumers.
Temu increased prices and added “import charges” ranging from 130% to 150% on products shipped direct from China.
That’s thanks to a decision by US President Donald Trump to close a tariff loophole for “de minimis” merchandise from ...
The de minimis trade provision has allowed shipments valued under $800 to enter the country duty-free and without customs ...
Good morning and Happy Friday! This is Betty Lin-Fisher with Friday's consumer-focused edition of The Daily Money. A key ...
Horse trainer Kenny McPeek joins 'Fox & Friends First' to explain how Toby Keith's horse, Render Judgment, secured a spot at ...
The Trump administration ended duty-free access for low-value shipments from China and Hong Kong, effective May 2, 2025. This ...
The White House closed the so-called de minimis tariff loophole for lower-value Chinese imports Friday but also waived a ...
Supporters say the change is important to stop cheap Chinese goods from entering the U.S. But the decision could drive up ...
The removal of de minimis for products originating from China and Hong Kong exposes those goods to tariffs of 145% on most ...
The Trump administration has officially closed a tariff loophole which China had long exploited to flood the U.S. with cheap ...