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Benzinga
Benzinga
Business
Henry Khederian

Etsy Stock Tumbles As Halt On International Shipments Threatens Global Marketplace

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Etsy Inc (NASDAQ:ETSY) shares closed sharply lower Monday amid the Trump administration’s decision to eliminate the $800 duty-free “de minimis” import exemption, which caused widespread disruptions in international shipping.

What To Know: The online marketplace, known for its vast selection of unique and handcrafted goods from artisans worldwide, faces headwinds as the U.S. ends its “de minimis” rule, which had allowed packages valued under $800 to enter the country duty-free.

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