President Donald Trump’s executive order for tariffs on China says the “de minimis” exemption for items under $800 no longer applies, affecting Alibaba (BABA), JD.com (JD), PDD‘s (PDD) Temu, Shein, and others, Bloomberg’s Jennifer A Dlouhy, Josh Wingrove, and Spencer Soper report. Under the exemption, products below that dollar amount had been able to enter the U.S. without tariffs, according to the report.
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