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.
There's a 90% chance that the Trump administration will impose new tariffs on the EU before April 7, 2025, according to the Metaculus prediction community.
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