Trump Ends Duty-Free Shipments from China, Targeting 'De Minimis' Loophole

Executive Order on Low-Value Shipments

• 🎯 President Trump has signed an executive order to end the duty-free shipment of low-value goods from China and Hong Kong into the US.
• 💡 This order targets the "de minimis loophole," which has allowed companies like Shein and Temu to successfully sell low-cost products in the US.
• 🗓️ The order goes into effect on May 2nd.

New Tariff Regulations

• 📦 Shipments from China and Hong Kong valued at $800 or less, sent outside the international postal network, will now be subject to all applicable tariffs.
• 💰 Packages within the postal network will face a rate of either 30% of their value or $25 per item, increasing to $50 in June.

International Response and Future Broadcasts

• 🗣️ China has responded to the tariff announcement, calling it "typical unilateral bullying."
• 📺 CNBC will provide live coverage from Beijing.
• 🎤 The broadcast also includes a programming note for an upcoming interview with Microsoft CEO Satya Nadella on the company's 50th anniversary, discussing artificial intelligence and the tech giant's future.