President Trump signed an executive order eliminating the $800 de minimis import duty exemption for most countries, impacting online shopping. This means higher prices for Americans buying foreign goods from sites like Amazon and eBay, starting August 29th. While some exceptions exist for international postal networks, ultimately all shipments will face country-specific tariffs. The move follows a similar action against Chinese goods earlier this year. Experts predict a surge in sales as businesses liquidate inventory before the new tariffs take effect.

Prepared by Christopher Adams and reviewed by editorial team.