How Trump’s Closing a Tariff Loophole Will Hurt UPS and FedEx
President Trump has ended a tariff loophole that generated lots of business for delivery companies shipping inexpensive goods from China to the U.S.
It Is Happening Every Day, Every Where
President Trump has ended a tariff loophole that generated lots of business for delivery companies shipping inexpensive goods from China to the U.S.
The e-commerce site acted after the Trump administration said it would close a loophole that allowed low-cost Chinese-made items to enter the U.S. without import fees.
Starting Friday, goods from China worth up to $800 will be subject to tariffs and more paperwork under new Trump administration rules.
The White House press secretary, Karoline Leavitt, attacked the retail giant over a report that suggested Amazon would highlight tariff-related price increases. Amazon said it was “not going to happen.”
The loophole has allowed retailers to send goods from China directly to U.S. shoppers without paying tariffs. Closing it could raise consumer prices.