Trump suspends trade loophole for cheap online retailers globally

The article discusses a new policy implemented by the Trump administration that suspends a trade loophole, known as the "de minimis" provision, which allowed overseas retailers to ship low-value goods to US consumers without paying import duties. The decision aims to level the playing field for US-based retailers by increasing the costs for foreign e-commerce companies to sell inexpensive products in the American market. This move is seen as a blow to major e-commerce giants, such as Amazon and eBay, which have relied on the de minimis loophole to offer a wide range of low-cost products to US consumers. The article highlights that the suspension of this trade loophole is part of the Trump administration's broader efforts to crack down on what it perceives as unfair trade practices and protect American businesses. The policy change is expected to have a significant impact on the global e-commerce landscape, as it will force overseas retailers to either pass on the increased costs to consumers or reconsider their US market strategies.