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ECONOMY

De Minimis Rule Ends: US Shoppers Face Higher Prices

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The end of the "de minimis" rule in the US, allowing duty-free imports of packages under $800 from China, has sparked panic among online shoppers. President Trump's decision, supported by traditional retailers, aims to combat the influx of cheap goods and potential safety risks. Shoppers are rushing to buy items before the May 2nd deadline, fearing price hikes and shortages. While some see it as a necessary step to protect domestic businesses and consumers, others argue it disproportionately impacts lower-income households and limits access to affordable goods. The long-term impact and enforcement of the new rules remain uncertain.

Prepared by Christopher Adams and reviewed by editorial team.

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