May 3, 2025 - 09:05
In a significant shift for online shoppers, Temu has announced it will no longer send ultra-cheap goods directly from China to the United States. This decision comes in response to the impending end of the $800 "de minimis" duty-free import rule, which has allowed consumers to purchase low-cost items without incurring additional tariffs.
As the rule is set to change, consumers can expect to see an increase in prices for goods that were previously available at rock-bottom rates. The de minimis threshold has long facilitated the flow of inexpensive products into the US market, benefiting both consumers and retailers. However, with the crackdown on trade loopholes, the landscape of online shopping is poised for a transformation.
Shoppers may now need to reassess their purchasing habits as they navigate the new pricing realities. This development marks a notable moment in the ongoing evolution of international trade and e-commerce.
August 4, 2025 - 01:29
Switzerland Considers Revising Tariff Offer Amid U.S. Trade TensionsZURICH - The Swiss government is contemplating adjustments to its tariff proposal in light of the United States` planned heavy import duties, according to Business Minister Guy Parmelin. Experts...
August 3, 2025 - 03:20
Quinn Addresses McLaurin's Trade Request as Routine BusinessIn a recent statement, Dan Quinn, a prominent figure within the Commanders organization, addressed the trade request made by star wide receiver Terry McLaurin. Quinn emphasized that players are...
August 2, 2025 - 08:33
Small Businesses Tackle the Challenges of Rising Interest RatesIn a recent discussion, Camping World CEO Marcus Lemonis shed light on the significant impact that high interest rates are having on small businesses across the country. As borrowing costs rise,...
August 1, 2025 - 22:54
Speed Mentoring Event Fosters Connections for Black Professionals in MinneapolisThe West Broadway Business and Area Coalition recently organized a dynamic speed mentoring event aimed at supporting Black professionals during Minneapolis’ Black Business Week. This initiative...