In brief
Deborah Grushkin, an avid online shopper, recently splurged $400 on items from Shein, fearing rising costs following new tariffs under the "de minimis" policy's end. The shift has sparked concern among consumers and businesses alike, with many fearing that the changes will hit their wallets hard.
Deborah Grushkin, a shopping enthusiast from New Jersey, recently felt compelled to spend $400 on online goodies from Shein, panicking about the end of the "de minimis" tax break for packages under $800. Earlier this year, President Trump signed an order changing U.S. import policies that had allowed lower-value packages to dodge import taxes, a move supported by local retailers.As of May 2, consumers could be facing steep price increases and fewer shopping options. E-commerce giants like Shein and Temu worry these changes might lead to the closure of smaller brands. Grushkin's $400 spree felt like a final celebration before the shopping landscape changes drastically.The "de minimis" policy, which has seen a rise in use over the past decade, was intended to simplify trade. But some lawmakers believe it has been exploited, making it easier to sneak in illegal goods. Despite concerns, prices for common items like curtains and fishing nets have already skyrocketed since the tariff announcement. Economists estimate these changes could add $10.9 billion in costs, hitting low-income households the hardest. Many people, like Krystal DuFrene, are already feeling the pinch as they check prices on their favorite shopping apps. After canceling an order due to price hikes, she worries the higher costs will ultimately fall on customers.Many consumers view these changes as a significant setback. Some see it as a "money grab" by bigger retailers, limiting accessibility for everyday shoppers. As businesses brace for impact, the future of online shopping hangs in the balance.
