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A de minimis tariff loophole expires Friday. Here’s what that means for shoppers.

2 May 2025
in USA
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A de minimis tariff loophole expires Friday. Here’s what that means for shoppers.
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Cheaper goods from China will soon become more expensive for U.S. consumers due to the expiration of a tax loophole allowing duty-free import of packages valued under $800, effective May 2. This change, initiated by an executive order from President Trump, aims to combat the influx of fentanyl from China but is expected to lead to higher prices, delays in shipments, and a diminished market for low-cost imports. While U.S. retailers may benefit from reduced competition, consumers will face increased costs and limited availability of affordable goods.

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Tags: ChinaexpiresFridayHeresloopholemeansminimisshopperstariffTariffs
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