This is such an awful idea as it stops us from buying international packages from anywhere. The ‘loophole’ is already closed for China.
Comment on Temu and Shein to hike prices
glimse@lemmy.world 2 months agoShould have accomplished it the right way by getting rid of the loophole that makes those sites so profitable instead
TheGalacticVoid@lemm.ee 2 months ago
DelightfullyDivisive@discuss.online 2 months ago
What is the loophole that makes them profitable?
Thekingoflorda@lemmy.world 2 months ago
I believe they are referencing the de minimis tax rule that exempts items below $800 from import tax.
wosat@lemmy.world 2 months ago
Trump did end the de minimis rule. The executive order was made April 2nd; the loophole closes May 2nd. cnbc.com/…/de-minimis-trade-loophole-to-end-may-2…
glimse@lemmy.world 2 months ago
The other reply is correct, they get crazy cheap shipping rates by sending small things. Like every Temu package costs taxpayers money to subsidize it