The administration's elimination of the so-called “de minimis” loophole has implications for businesses ranging from Etsy sellers to e-commerce behemoths.

The “de minimis” exemption, which allowed duty-free entry of packages valued at less than $800, has been repealed by order of former President Donald Trump.

The days of getting a $20 table or a $10 dress from SHEIN or Temu could be coming to an end. Beginning May 2, Americans will start paying import duties of up to 145 percent on their orders from China as President Donald Trump gets rid of a loophole that made low-value packages coming from China exempt from tariffs.