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0 -0.000381585563439262 -0.000111738085926645 5.58690429632432E-05 -0.00217889267556855 -0.00301692832001783 -0.00374322587854079 -0.00329627353483437
Stock impact report

No more cheap skirts: Trump ends tax exemption for low-value Chinese imports [Globe and Mail, The (Toronto, Canada)]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
A notice to customers dazzled by the low-priced products on Chinese shopping apps: the days of getting trendy clothing, tools and gag gifts that cost less than lunch delivered to your door in 10 days are probably numbered. President Donald Trump is ending a little-known but widely used exemption that has allowed as many as 4 million low-value parcels — most of them originating in China — to arrive in the U.S. every day tax-free. An executive order the president signed Wednesday will eliminate the “de minimis provision” for goods from China and Hong Kong on May 2. The tax exemption, which applies to packages valued at $800 or less, has helped China-founded e-commerce companies like Shein and Temu to thrive while cutting into the U.S. retail market. “Shoppers had a full array of product and options of timing,” Marshal Cohen, chief retail advisor at market research firm Circana, said. “Now, they’re going to have a limited array of options and timing: so you can still buy this product, Show less Read more
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