President Donald Trump on Tuesday unleashed a new wave of tariffs targeting countries that have failed to finalize bilateral trade deals with the U.S., signaling a dramatic escalation of his second-term trade agenda. The White House announced a sweeping series of import duties, some taking effect as early as Aug. 1, that are expected to hit key sectors like manufacturing, electronics and retail.
Among the most consequential measures is the end of the de minimis exemption, a long-standing rule that allows goods valued under $800 to enter the US duty-free. According to Wired, the exemption will be fully revoked for all countries starting Aug. 29, dealing a blow to small businesses and e-commerce platforms that rely on low-cost international shipments.
