President Trump's recent executive order imposing tariffs on goods from China, Canada, and Mexico has triggered significant global market volatility. In addition, the order targets the de minimis loophole in U.S. customs law, which previously allowed e-commerce companies to avoid duties on shipments valued under $800. This change has brands scrambling to adjust pricing and shipping strategies. While the order aims to curb illicit imports, uncertainties regarding its full implications for de minimis remain, leaving companies navigating potential product entry challenges under evolving regulations.
"President Trump's Saturday executive order placing tariffs on goods from China, Canada, and Mexico sent shockwaves through global markets."
"However, there are still uncertainties regarding the future of de minimis... leaving open the possibility that the loophole could still be used elsewhere."
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