President Donald Trump moved to revoke de minimis for global goods starting August 29|The White House|Facebook
President Donald Trump has rolled out a fresh wave of tariffs, including a 50% levy on copper and select Brazilian imports, while revoking the de minimis tariff exemption for foreign packages valued under $800.
The exemption revokes de minimis for global goods starting August 29. It will make global bargain shopping more expensive for Americans.
China and its low-cost retailers like Shein and Temu are already affected, as their goods will no longer qualify for duty-free entry.
Trump also announced a 25% tariff on Indian imports starting August 1, citing India’s unfair trade practices and ties with Russia.
The copper tariff sent futures plunging nearly 20%, while duties on Brazilian goods may drive up prices of key staples like coffee and orange juice.
The White House defended the Brazil tariff as a stand against alleged political persecution of former president Jair Bolsonaro, who is close to Trump.
Additionally, the US also imposed sanctions on Brazilian Supreme Federal Court Justice Alexandre de Moraes, who handles the criminal case accusing Bolsonaro of plotting a coup in the country.