Starting on Aug. 29, the Trump Administration will impose tariffs on shipments under $800, which were previously exempt under a de minimis exemption. This change will raise the price of countless everyday goods—from soccer balls to stocking stuffers. And its impact will be felt most acutely by low-income Americans.
Some commentators view the de minimis exemption as a loophole that should be closed because it allows millions of cheap goods to flow into the U.S. tariff-free. But in practice, this policy change will stack another tariff on top of an already harmful trade agenda—and fuel inflation.
In other words, this decision compounds one bad policy with another under the misguided notion that two wrongs make a right. Instead of raising tariffs on smaller shipments, the Administration s