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It’s official: As part of President Donald Trump’s roller-coaster trade war, the de minimis exemption no longer applies to packages arriving to the United States from China as of Friday, May 2. Now what?

How long do you think it will take for this to affect the average American consumer and brick-and-mortar stores? If the tariffs don't come down to an acceptable level soon, however, shortages will start to become much more apparent maybe in the summer or early fall.

Who is winning here? We can think of very few parties that are winning here, at least right now. Even if you want to manufacture in the US, you almost certainly will need to import machinery and raw materials from either China or another country—meaning you will have to pay these new tariffs, too.