White House Implements New Trade Policies: Trump Suspends De Minimis Exemption, Imposes Copper and Brazil Tariffs

Suspension of De Minimis Exemption

• 🚫 The President has signed an executive order revoking the de minimis threshold for all packages entering the US from abroad, effective August 29th.
• 💡 This change eliminates the loophole that allowed packages valued under $800 to enter the US duty-free.
• 🛒 Companies like Shein, Temu, and potentially Amazon will be affected as these packages will now be subject to country-specific tariffs.

New Copper Tariff

• ⚡ A 50% copper tariff has been formally signed into law via executive order, stemming from a national security investigation.
• 📈 This move follows weeks of threats and has already seen copper shares decline by approximately 19%.

Additional Tariffs on Brazil

• 🇧🇷 A hefty new tariff of 40% has been added on top of existing 10% tariffs for goods from Brazil.
• ⚠️ The President has declared an economic emergency to justify this measure.
• 🍊 Potential impacts include higher costs for goods such as orange juice, coffee, and certain metals imported from Brazil.