US ends ‘de minimis’ rule for all countries, Trump plugged this loophole for China in May

US ends ‘de minimis’ rule for all countries, Trump plugged this loophole for China in May

US President Donald Trump has eliminated the ‘de minimis’ rule for all countries starting today. Under the rule, parcels under $800 entered the United States freely. In addition to setback to businesses abroad, the move will raise costs for American consumers.

Donald Trump speaks to members of the media at Manhattan Supreme Court amid his hush money trial, in New York, US, May 7, 2024. (Photo: Curtis Means/Pool via Reuters)