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Trump’s Tariff Loophole Crackdown Cripples China’s Junk-Goods Pipeline The Trump administration’s move to shut down a long-standing tariff loophole is already hammering Chinese exporters and disrupting e-commerce giants that hooked Americans on cheap goods, according to Bloomberg News. New customs data show that the value of small packages shipped from China to the U.S. cratered to just over $1 billion in May, marking a 40% year-over-year drop and the lowest since early 2023, Bloomberg reported Friday. The decline coincides with President Donald Trump’s April decision to end the so-called “de minimis” loophole, which allowed packages valued under $800 to enter the U.S. duty-free. The policy change was unveiled as part of Trump’s “Liberation Day” tariff announcement, aimed at countering foreign trade practices that he argued undermine the domestic economy. “While the U.S. previously offered a generous de minimis exemption, China enforces strict import restrictions and tightly limits de minimis exemptions, showing no similar leniency toward U.S. shipments,” the Trump administration said at the time. (RELATED: Trump Admin Closes Biden-Era Loophole That Let China Scoop Up Americans’ DNA) Chinese e-commerce platforms like Temu built their business models around the rule, shipping low-cost clothing, electronics and household goods directly to American consumers in small, duty-free packages. Since Trump closed the exemption, those parcels are now subject to duties as high as 54%, throwing a wrench
Monday, 06/23/2025, Video Clip |
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