Welcome to the Small Business Minute. I’m your host. Today, we explore the end of the de minimis loophole for Chinese imports. President Trump recently scrapped the duty-free provision that let packages under $800 avoid tariffs. That change could level the playing field against giants like Shein and Temu. As toy maker Andy Musliner put it, “No amount of cost cutting is going to get me to that price point.” But there’s a catch: Mr. Trump’s 145 percent tariffs on Chinese goods and 10 percent tax on other imports may wipe out any gains. Handmade goods seller Jyoti Jaiswal called ending the loophole “fair trade policy,” yet she still faces looming duties on Indian-made crafts. Bike shop owner Mike Gray dubs the move a “silver lining” after e-bike sales plunged under cheap competition. Still, rising tariffs leave many small entrepreneurs unsure how to price products. Tune in next time as we track trade policies shaping Main Street.
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