President Trump’s decision to eliminate the ‘de minimis’ tariff loophole means that goods valued under $800 will now face a hefty 120 percent levy. This significant increase in tariffs on low-value imports, primarily from China, is expected to raise prices. The implications of this policy shift could affect consumers and businesses alike as they adapt to new cost structures. Keeping abreast of these tariff changes is crucial as they could reshape trade dynamics and consumer spending in the long term.