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This ‘Loophole’ Let $54B of Products Into the U.S. Tariff-Free | WSJ Center Point

President Trump moved to close a loophole called “de minimis” that has fueled a boom in cheap goods being shipped from China to the U.S. It’s a provision that allows any shipments under $800 to enter America tariff-free regardless of where the products come from. WSJ’s Jonathan Cheng traveled to the world’s largest wholesale market called the Yiwu International Trade Market to see how these products are making their way into U.S. markets. If you’ve ever bought anything on Temu or Shein, there’s a good chance it came from this bazaar near China’s east coast, which is close to huge ports in Shanghai and Ningbo.

WSJ explores why this market in China, the center point of global wholesale trade, has found itself in the U.S. government’s crosshairs.

Chapters:
0:00 Trump tariffs and global trade
0:48 Yiwu International Trade Market
1:28 De minimis, explained
3:50 Chinese company shipments

#Tariffs #China #WSJ



The day you realise you have enough is the day you'll finally be free

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WATCH NEXT:
1️⃣ How I Went from $500 to Half a Billion in 5 Years: https://www.youtube.com/watch?v=Mt1P7p9HmkU
2️⃣ COMPLETE Shopify Tutorial for Beginners 2023 - Build A Profitable Shopify Store From Scratch: https://www.youtube.com/watch?v=T2tagxLhlv4


WHO AM I?
Hey, if we haven’t met before, I’m the owner and founder of 'The Oodie', one of Australia's fastest growing ecommerce brands.

DISCLAIMER: The content provided in this YouTube video is for informational purposes only and should not be considered as professional advice. Any recommendations, reviews, or opinions expressed are based on personal experiences and research, and individual results may vary. Viewers are encouraged to conduct their own due diligence and consult with relevant professionals before making any purchasing decisions or implementing strategies discussed in this video. The creator of this content shall not be held liable for any direct, indirect, incidental, or consequential damages arising from the use of information presented herein.


Ramen With Pasta


Do Ryan Trahan’s Joyride Sourstrips have unbelievable ingredients?



He got me there



What was Robert's best Shark Tank investment?

I don't sell to beginners, get my 100% free ecommerce course here: https://www.millionaires.com/ (you will be prompted to launch a new store using AI)

If you are doing over $1m a year with ecommerce, join me with weekly calls here: https://www.dailymentor.co/

I also have a free discord for beginners: https://discord.com/invite/davie-fogarty

MY FAVOURITE TOOLS & GEAR (affiliate links so they might have an offer):
🛍️ Trial Shopify: https://shopify.pxf.io/WDvJgJ
🥇 Trend Rocket: https://www.trendrocket.io/
🗣️ Gorgias: https://gorgias.grsm.io/davie
🐋 Triple Whale:  https://triplewhale.grsm.io/daviefogarty


SOCIAL MEDIA:
🌍 My website: https://www.daviefogarty.com/
📸 Instagram: https://www.instagram.com/daviefogarty/
📱 TikTok: https://www.tiktok.com/@daviefogarty
🐦 Twitter: https://twitter.com/daviefogarty
👨‍💻 Linkedin: https://www.linkedin.com/in/daviefogarty


WATCH NEXT:
1️⃣ How I Went from $500 to Half a Billion in 5 Years: https://www.youtube.com/watch?v=Mt1P7p9HmkU
2️⃣ COMPLETE Shopify Tutorial for Beginners 2023 - Build A Profitable Shopify Store From Scratch: https://www.youtube.com/watch?v=T2tagxLhlv4


WHO AM I?
Hey, if we haven’t met before, I’m the owner and founder of 'The Oodie', one of Australia's fastest growing ecommerce brands.

DISCLAIMER: The content provided in this YouTube video is for informational purposes only and should not be considered as professional advice. Any recommendations, reviews, or opinions expressed are based on personal experiences and research, and individual results may vary. Viewers are encouraged to conduct their own due diligence and consult with relevant professionals before making any purchasing decisions or implementing strategies discussed in this video. The creator of this content shall not be held liable for any direct, indirect, incidental, or consequential damages arising from the use of information presented herein.


Air Fryer French Fry Meal Prep Hack

I’ve been loving this French fry meal prep hack for years—it never gets old! Mixing regular potatoes and sweet potatoes is my go-to for a lighter twist. I’m using my new T-fal infrared air fryer, which creates perfectly crispy fries with a tender interior thanks to its infrared technology. Use code INFRARED10 on T-fal.com for $10 off through Jan 24🍟✨ #AirFryerFries #TFal #Ad