President Trump has taken a sweeping series of tariff actions, imposing new levies on copper and Brazil, and revoking a global exemption on tariffs for packages worth less than $800. The end of the de minimis exemption will make low-price goods from around the world more expensive for American consumers. The suspension was already in place for China and had a serious impact on major Chinese retailers like Shein and Temu. The copper levy will increase prices substantially on one of the most vital metals to the American economy. The Brazil tariff threatens American staples like coffee and orange juice. The de minimis exemption will end on August 29, and packages will be taxed in one of two ways: “ad valorem duty” or “specific duty.” After six months, all applicable shipments must comply with the ad valorem duty methodology. Critics argue that the exemption has hurt U.S. businesses, while supporters argue that U.S. consumers will suffer from higher prices with the elimination of tariff-free shipments.
Trump has ended the de minimis tariff exemption and has imposed levies on copper and Brazil. Thuy 634
