President Donald Trump signed an executive order ending the de minimis import loophole for all countries, effective August 29th. This new policy will impose tariffs on packages valued at $800 or less, based on item value and country of origin. The move aims to protect U.S. businesses and reduce illicit shipments, following previous actions targeting Chinese and Hong Kong imports. The change impacts online retailers such as Temu, Shein, and Amazon, leading to drops in their stock values.