Trump Ends Chinese Tariff Loophole, Raising the Cost of Online Goods
1. Trump administration closed loophole allowing tariff-free imports from China. 2. The de minimis rule enabled $800 products to bypass tariffs. 3. U.S. manufacturers may gain but consumer prices are rising. 4. The change processed a billion packages in 2023, averaging $54 each. 5. Supporters argue the move protects small businesses from unfair competition.