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President Trump’s closure of the de minimis customs loophole in May — which previously allowed Chinese packages valued under $800 to enter the U.S. duty-free — has redirected a flood of cheap goods toward Europe, where similar exemptions for packages under $175.8 in the EU and $180 in the UK remain intact.
The shift has been swift: exports of low-value Chinese packages to the U.S. have dropped more than 40% since May, according to Chinese customs data, and the EU has this…
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President Trump’s closure of the de minimis customs loophole in May — which previously allowed Chinese packages valued under $800 to enter the U.S. duty-free — has redirected a flood of cheap goods toward Europe, where similar exemptions for packages under $175.8 in the EU and $180 in the UK remain intact.
The shift has been swift: exports of low-value Chinese packages to the U.S. have dropped more than 40% since May, according to Chinese customs data, and the EU has this…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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