President Trump on Wednesday signed an executive order suspending what’s known as a de minimis exemption allowing low-value parcels that are shipped to the United States to avoid tariffs.
The White House said it’s closing what it called a “catastrophic loophole” that shippers use to “evade tariffs and funnel deadly synthetic opioids or below-market products” into the U.S. The order goes into effect Aug. 29.
The exemption had applied to parcels valued at $800 or less, and allowed overseas retailers to ship inexpensive…
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