Trump Ends De Minimis Tariffs
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de minimis tariff exemptionsInsider
•World
World
Some of China's biggest e-commerce sites are already hurting badly from a new US rule
65% Informative
Chinese e-commerce stocks like Alibaba and JD.com fell after the announcement.
Trump ended de minimis tariff exemptions for packages from China and Hong Kong on May 2 .
The removal of the de-minimis rule is a blow to Chinese companies that have thrived on shipping low-value packages directly to US consumers.
The White House said Trump is targeting "deceptive shipping practices".
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