Retail panic: What the end of the 'de minimis' exemption means for brands across the globe
1. De minimis exemption ended, leading to increased tariffs on shipments under $800. 2. Consumers may face price increases, costing U.S. families an estimated $10.9 billion. 3. Online marketplaces like Etsy and eBay may see reduced costs and inventory availability. 4. Amazon could benefit from market shifts as consumers face higher prices elsewhere. 5. Temu and Shein adjust business models, potentially losing market share to larger retailers.