Business Matters Full Broadcast (May 2)

A major shipping loophole expired on Friday. The de minimis exemption previously allowed shipments of goods worth $800 or less to come into the United States duty-free. The loophole helped reshape the way countless Americans shop, allowing ultra-low-cost Chinese e-commerce sites like Shein, Temu, and AliExpress to pour everything from yarn and patio furniture to clothes and photography equipment into U.S. homes.