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

Fallout continues after President Donald Trump's unveiling of severe tariffs against virtually all U.S. trading partners. Thursday was the worst day for U.S. stock markets since June 2020. China struck back on Friday, announcing a 34% tariff on American goods as other foreign leaders weigh their response.

De minimis tariff exemptions, which currently allow packages worth as much as $800 from China and Hong Kong to enter the US duty free, will end on May 2, the White House said, a potential blow to discount marketplaces like Temu and Shein.

The de minimis loophole enabled discount e-commerce sites like Temu and SHEIN to ship goods to the U.S. without paying hefty 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.

Trump, 78, argued that the so-called de minimus exception allowed shippers from the People’s Republic and Hong Kong to “hide illicit substances” in packaging and products.

President Trump is cracking down on a popular tariff exemption for goods from China that allowed small shipments to avoid duties and customs inspections. Trump on Wednesday signed an executive order eliminating the so-called de minimis provision for low-value parcels from China,

A notice to customers dazzled by the low-priced products on Chinese shopping apps: the days of getting trendy clothing, tools and gag gifts that cost less than lunch delivered to your door in 10 days are probably numbered.

If you frequently shop on Shein or Temu, be prepared to pay more after President Trump eliminated a trade loophole allowing the retailers to avoid import taxes on packages under $800. Starting May 2,