President Donald Trump broadly ended the de minimis exemption that allowed people to buy low-value imported items without paying duty and import taxes.

President Trump’s new executive order suspends the de minimis exemption for global low-value imports, a move that could raise prices for online shoppers and restrict package shipments from retailers like Shein and Temu.

US President Donald Trump just dealt another blow to the embattled ecommerce industry, which is still reeling from sweeping tariffs Trump announced in the spring. On Wednesday, Trump signed an executive order widening the impact of those tariffs and making it more expensive for Americans to buy foreign products on sites like eBay,

India’s faltering equities market faces the risk of more losses after the nation was slapped with one of the highest tariff rates in Asia on its exports to the US.