(NewsNation) — President Donald Trump is eliminating a trade loophole that allows budget retailers like Shein and Temu to avoid ... The dollar amount is set to increase to $50 after June 1.

President Trump signed an executive order Wednesday closing a trade loophole on cheap goods from China that were previously exempt from tariffs. Trump, 78, argued that the so-called “de minimus ...

President Trump is cracking down on a popular tariff exemption for goods from China that allowed small shipments to avoid duties and customs inspections. Trump on Wednesday signed an executive ...

The move appears to be a massive blow to fast-fashion companies such as China-based Shein and Temu, which managed to rapidly expand in the US through the almost century-old de minimis rule.

It’s a decision that could lead to higher costs for consumers who shop at bargain sites like Shein and Temu — both of which have ... The dollar amount is set to increase to $50 after June 1. With the ...

Cloudy. Medium chance of showers in the south, slight chance elsewhere. Winds west to southwesterly 15 to 25 km/h. Sun protection recommended from 10:40 am to 3:50 pm, UV Index predicted to reach 5 ...

A worker makes clothes at a garment factory that supplies Shein in China's southern Guangdong province in 2022. Photo: Jade Gao / AFP via Getty Images ...