President Trump has abolished the de minimis exemption, which allowed inexpensive Chinese goods to avoid U.S. tariffs, a move criticized by many U.S. businesses. This change will increase prices for consumers on popular e-commerce platforms such as Amazon and Shein, leading to tariffs of at least 145%. Trump argues that this will encourage foreign nations to negotiate better trade terms, which could benefit American exports. Despite the complexity and time-consuming nature of such negotiations, countries like India and those in Europe may be willing to offer concessions in return for favorable agreements.
âMore than 100 countries have already come to the table looking to offer more favorable terms for America and our people,
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