President Trump signed an executive order eliminating the global tariff exemption for low-cost goods, effective August 29th. This action, overriding a Congressional deadline, targets the evasion of tariffs and the smuggling of opioids. Previously, goods valued under $800 entered the US tariff-free, benefiting consumers purchasing from sites like Shein and Temu. The White House cites concerns about opioid smuggling and false reporting of origin as reasons for the change. While initially targeting China and Hong Kong, the new order expands the restriction globally.

Prepared by Christopher Adams and reviewed by editorial team.