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China no longer has a de minimis trade exemption. What is it?

President Trump has ended the de minimis duty-free exception for China, as part of his imposition of tariffs. The app for Shein, the Chinese-founded discount online retailer, is seen here on a smartphone. (Getty Images)
President Trump has ended the de minimis duty-free exception for China, as part of his imposition of tariffs. The app for Shein, the Chinese-founded discount online retailer, is seen here on a smartphone. (Getty Images)

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