As President Trump ends the de minimis rule, which exempted low-value imports from tariffs, prices for products from retailers like Shein and Temu may rise significantly. This change comes amid a decline in Chinese exports to the U.S. due to existing tariffs, raising concerns about potential product shortages. Retailer Temu has introduced import charges of approximately 145%, more than doubling the cost of many items. The closure of a tariff loophole is affecting online shopping dynamics, with U.S. customers facing steep import charges. These developments highlight the broader implications of tariff policies on consumer goods and international trade relations.
— new from The New York Times
