A Latin term that used to be little-known outside the world of customs brokers has become the stuff of headlines. That’s thanks to US President Donald Trump signing an executive order on April 2 to close a tariff loophole for “de minimis” merchandise from China and Hong Kong.

Trump closes China tariff loophole used by fast fashion retailers like Shein and Temu - Imported goods under $800 will now be subject to duties of either 30% of their value or $25 per item

The administration is shutting down the “de minimis” loophole, which could affect businesses ranging from Etsy sellers to e-commerce behemoths.

The loophole has allowed retailers to send goods from China directly to U.S. shoppers without paying tariffs. Closing it could raise consumer prices.

U.S. President Donald Trump signed an executive order on Wednesday that closes a trade loophole known as de minimis that has allowed low-value packages from China and Hong Kong to enter the United States free of duties.

President Trump is cracking down on a popular tariff exemption for goods from China that allowed small shipments to avoid duties and customs inspections. Trump on Wednesday signed an executive order eliminating the so-called de minimis provision for low-value parcels from China,

The rule, known as the de minimis exemption, exempts packages worth less than $800. It's used by fast fashion giants Shein and Temu—and a lot of small American companies that drop-ship from overseas warehouses.

The 'de minimis' tax exemption allows duty-free imports on orders that are less than $800. Going forward, Trump will tariff those packages at 30% of their value or $25 per item.

President Donald Trump rolled out his controversial array of reciprocal tariffs on nations around the world, but a lesser reported element of his new trade policy

Global shares slumped on Monday as investors prepared for Donald Trump to introduce wide-ranging tariffs this week, in a move that could have major impacts on the UK economy.The US President has promised a “Liberation Day” on Wednesday,

Asian markets and U.S. futures have tumbled following U.S. President Donald Trump's announcement of big increases in tariffs on imports of goods from around the world

Asian markets and U.S. futures tumbled Thursday following U.S. President Donald Trump ’s announcement of big increases in tariffs on imports of goods from around the world. The double-digit tariff hikes sent shivers across world markets,

Asian markets and U.S. futures tumbled Thursday after U.S. President Donald Trump announced big increases in tariffs on imports of goods from around the world.

Stock markets across the Asia-Pacific region tumbled on Thursday after US President Donald Trump imposed tariffs on trading partners around the world, with many Asian countries taking the biggest hits.

Stock markets across Asia-Pacific and Europe fell Thursday and US markets were also set to open lower after US President Donald Trump imposed tariffs on trading partners around the world, with many Asian countries taking the biggest hits.