US EditionThe Fire Hose of Chaos: Bye-Bye De Minimis - Zeihan on Geopolitics
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The Fire Hose of Chaos: Bye-Bye De Minimis - Zeihan on Geopolitics
The US is plugging a loophole in the trade system called “de minimis” which allowed imported goods under $800 to bypass tariffs and traditional customs processes. This system will end on May 2, and these small packages will now face a 90% tariff and $75 minimum fee.Many Chinese businesses will take a hit from this, but the biggest fish in the pond is the disruption of the fentanyl trade. Since shipments of drug precursors were abusing this looph…
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