The White House closed the so-called de minimis tariff loophole for lower-value Chinese imports Friday but also waived a customs rule that will make collecting those tariffs very difficult, trade

LONDON >> With the end of a U.S. tariff exemption for small parcels today, some retailers have stopped selling to customers in the United States while others are seeking temporary workarounds in the hope the tariff rate may be reduced.

US President Donald Trump has acknowledged that his new tariffs could result in fewer and more expensive products in the US. In an attempt to reassure citizens concerned about a potential recession, Trump told his cabinet that the US doesn’t need to rely on Chinese imports.