News Summary

• President Trump is ending the “de minimis’ tariff exemption, which allowed U.S. shoppers to buy packages valued at $800 per day directly from foreign sellers free of tariffs and administrative fees.
• After Aug. 29, all shipments, regardless of value or origin, will be subject to full customs clearance and applicable duties.
• The biggest sticker shocks will be in apparel and footwear, which are products the US already taxes the heaviest.
• Your favorite Japanese lip gloss or Korean blush might contain plastic components sourced overseas.