'I freaked out and spent $400 online – it felt like a last hurrah'
Summary
The U.S. has ended a rule that allowed low-value packages from China to enter the country without taxes, which affected online shoppers and businesses. The change is expected to lead to higher prices and fewer product options for consumers, while some businesses may struggle to survive.Key Facts
- The rule, called "de minimis," allowed packages under $800 from China to avoid import taxes.
- President Donald Trump signed an order to stop this exemption for packages from China.
- The exemption's end was accompanied by new tariffs, including at least 145% on some Chinese goods.
- Nearly 1.4 billion packages entered the U.S. using this exemption in the last year.
- Some U.S.-based e-commerce businesses may face challenges due to these changes.
- Consumers who relied on inexpensive online goods might see prices rise.
- Opinions vary, with some seeing the rule's end as a necessary measure to prevent abuse.
- Research estimated ending this policy would add at least $10.9 billion in new costs, impacting lower-income households the most.
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