Trump imposes new tariffs on cheap Chinese goods sold by companies like Temu and Shein

Source: New York Post

President Trump signed an executive order Wednesday closing a trade loophole on cheap goods from China that were previously exempt from tariffs.   Trump, 78, argued that the so-called “de minimus” exception allowed shippers from the People’s Republic and Hong Kong to “hide illicit substances” in packaging and products.   “These shippers often avoid detection due to administration of the de minimis exemption,” the president wrote, claiming that duty-free exports from China “play a significant role in the synthetic opioid crisis in the United States.