President Donald Trump will close a loophole that allows online retailers to send small packages to the U.S. without paying a tax as part of his trade tariffs clampdown - a move that could have an impact on the wallet of everyday Americans.
Under the “de minimis” exemption, a longstanding rule that applies to packages entering the U.S. worth under $800, retailers overseas are allowed to sell products at lower prices by shipping them straight to consumers, bypassing domestic warehouses.
