
President Donald Trump eliminated the global “de minimis exemption” last week, ending duty-free treatment for packages worth $800 or less entering the United States.
The sweeping trade policy change targets Chinese e-commerce platforms, including PDD Holdings Inc. (NASDAQ:PDD)-owned Temu, Shein, and Amazon.com Inc. (NASDAQ:AMZN) marketplace sellers, affecting 1.36 billion packages annually.