Major Tariff Shift Hits Cheap Goods from China
Starting this Friday, the U.S. is slamming the brakes on a decades-old rule that allowed packages under $800 from China to enter tax-free. The end of the “de minimis rule” means higher costs for businesses and possible price hikes for everything from tech gadgets to TikTok-famous fashion finds. 🌍💸
Why It Matters
- 🛒 Shoppers: Low-cost items like $10 phone cases or $30 sneakers could get pricier as sellers pass tariffs to buyers.
- 📦 Businesses: Small online retailers may scramble to reroute supply chains or swallow new fees.
- 💼 Supply Chains: Analysts predict a surge in “made-in-Vietnam” or “made-in-Mexico” labels as companies dodge tariffs.
Ediz Tiyansan, reporting from Los Angeles, says the move could reshape how Gen Z shops: “This feels like a plot twist for fast fashion and dropshipping culture.”
What’s Next?
Will prices spike overnight? Probably not—experts say sellers might absorb costs first. But holiday shoppers, keep those receipts! 📈✨
Reference(s):
cgtn.com