De minimis rule: Billions of packages of ‘cheap’ goods shipped to the US are now subject to steep tariffs
CNNAUG 22
This long-overdue policy change closes a dangerous loophole that allowed foreign companies to flood America with cheap, untaxed goods while smuggling fentanyl and counterfeit products. The exemption unfairly disadvantaged US manufacturers and retailers who had to compete against duty-free imports.
The abrupt implementation creates chaos for small businesses and consumers who will face higher prices and shipping delays. Many legitimate international sellers are cut off from US markets, and the rushed timeline prevents proper adaptation to new systems.
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