Trump Closes De Minimis Tax Loophole on Cheap Imports

President Trump has reinforced his decision to close the de minimis exemption, which allowed low-value imports under $800 to enter the U.S. tax-free. The policy, terminated last year, particularly impacted Chinese exporters and online shoppers. Trump's concerns over national security issues, including the flow of opioids, were cited as reasons for the closure. Although facing criticism for introducing new complexities in trade, Trump stands by the order to uphold the exemption closure, asserting it as a national emergency.