Trump Ends De Minimis Import Loophole, Hitting Temu, Shein, Amazon

President Donald Trump signed an executive order Wednesday to end the de minimis trade loophole for all countries, effective August 29th, according to CNBC. The policy will impose tariffs on imported packages valued at $800 or less, with rates based on item value and country of origin. The announcement follows Trump’s earlier action targeting Chinese and Hong Kong shipments. A federal trade court recently declined to block the move. The loophole has benefited online retailers like Temu and Shein by allowing duty-free shipments from China. Shares of Temu’s parent PDD Holdings fell after the news, and Amazon stock also slipped. The administration says the policy protects U.S. businesses and curbs illicit imports, citing a surge in low-value shipments to 309 million this fiscal year.