An executive order imposes tariffs on small-value shipments from China that were previously exempt from duties.

The Trump administration is moving forward with a plan to close a trade loophole that previously allowed cheap goods from China to avoid tariffs. Why it matters: Packages valued at less than $800 have enjoyed the "de minimis" exemption from added duties,

The administration is shutting down the “de minimis” loophole, which could affect businesses ranging from Etsy sellers to e-commerce behemoths.