The de minimis exemption, an obscure trade law provision that has simultaneously fueled and eroded businesses across the globe, officially came to an end on Friday following an executive order by President Donald Trump. For nearly a decade, shipments valued under $800 were allowed to enter the country virtually duty-free and with less oversight. Now,…
At the stroke of midnight, 92% of all U.S. cargo shipments, and up to four million package daily, lost their duty-free status with President Trump’s removal of the de minimis exemption for low-value trade going into effect. Any imported goods sent through the international postal network that are valued at or under $800 will now…
Chinese President Xi Jinping and Indian Prime Minister Narendra Modi visit Daci’en Temple on May 14, 2015 in Xi’an, China. Sheng Jiapeng | CNSPHOTO | VCG | Getty Images When Foxconn recalled hundreds of Chinese engineers from a factory in India last month, reportedly following Beijing’s directions to curb technology transfer to its neighbor, it…
Ryosei Akazawa, Japan’s economic revitalization minister, speaks to members of the media at the Japanese embassy in Washington D.C. on June 6, 2025. Bloomberg | Bloomberg | Getty Images Japan’s top trade negotiator Ryosei Akazawa canceled a trip to the United States on Thursday over issues related to the U.S.-Japan trade deal. In a statement,…
A woman looks at the jewelry displayed at a jewelry shop. Pankaj & Insy Shah | Gulfimages | Getty Images India’s exports to the U.S. will invite a steep 50% tariff from Wednesday, as U.S. President Donald Trump’s additional 25% levies on New Delhi over its Russian oil purchases take effect. Analysts are warning that…
US President Donald Trump during a meeting with Lee Jae Myung, South Korea’s president, not pictured, in the Oval Office of the White House in Washington, DC, US, on Monday, Aug. 25, 2025. Al Drago | Bloomberg | Getty Images U.S. President Donald Trump on Monday stateside warned of steeper tariffs on China if exports…
WASHINGTON, DC – AUGUST 25: U.S. President Donald Trump (R) and South Korean President Lee Jae-myung talk to reporters before an Oval Office meeting at the White House on August 25, 2025 in Washington, DC. During Lee’s first official visit to the White House, the two leaders are set to discuss trade and military cooperation…
U.S. President Donald Trump welcomes South Korean President Lee Jae Myung at the White House in Washington, D.C., U.S., August 25, 2025. Brian Snyder | Reuters President Donald Trump bragged about his “great relationship” with North Korean dictator Kim Jong-un as he met at the White House for the first time Monday with South Korea’s…
A shopper looks at chairs for sale at an At Home store in Queens, New York City, U.S., July 15, 2025. Kylie Cooper | Reuters The Trump administration has launched an investigation into imported furniture, President Donald Trump said Friday, setting the stage for new tariffs on a wide range of products. “Within the next…
Newly manufactured cars awaiting export at a port in Yokohama, south of Tokyo, Japan, on March 27, 2025. Issei Kato | Reuters Major Japanese automakers have denied to CNBC that they have raised prices in the U.S. because of tariffs imposed by the Trump administration. That comes after a Nikkei Asia report on Thursday that…
