Trump Administration Targets Tariff Loopholes Affecting E-Commerce and National Security
The Trump administration is implementing a series of tariff measures aimed at closing loopholes that have been exploited by Chinese online retailers. These tariffs address the de minimis exemption, which previously allowed small packages to enter the U.S. duty-free, thus facilitating unfair competition and potentially compromising national security. Importers are urged to review their compliance to adapt to these changes, which also seek to curb the flow of fentanyl and other illicit goods. Amid a tense trade environment, the proposals stand out as a significant move to protect U.S. interests while also affecting local e-commerce retailers.
Fortune, The Wall Street Journal, Bloomberg, The Economic Times, Bloomberg Tax, The National Law Review, American Action Forum, PYMNTS.com, Benzinga India, Newsmax