Understanding the Change
President Donald Trump has officially closed the de minimis loophole that previously allowed Chinese goods to enter the US without tariffs. This significant alteration impacts various industries, particularly brands like Shein. With the change, the cost threshold for imports that evade duties will be raised, leading to increased prices for consumers.
This change has sparked responses from various sectors within the US. Many industry leaders express concern over the potential impact on American businesses. As we move forward, it will be crucial to monitor how these adjustments affect market dynamics and consumer behavior.
