Trump Ends Tax Loophole for Imports | Business and Finance News

Federal trade court strikes down the “de minimis” tax loophole, clearing the way for President Trump to reclaim billions in lost import revenue—after Detroit Axle’s legal challenge failed. The judges ruled the president has authority under emergency powers, rejecting claims he overstepped constitutional bounds. This move hits online giants like Shein and Temu, who relied on the exemption to ship cheap goods duty-free, and could reshape global e-commerce logistics. Trump hailed it as a “BIG WIN,” calling the old rule a “loophole for TARIFF Cheats.” Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c82e672ef29b6a69