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CousinIT

(11,806 posts)
1. Summary:
Fri Aug 1, 2025, 03:56 PM
Aug 1

- [00:14](https://youtube.com/sH5UsF3yksk?t=14s) 🛒 An executive order signed by Trump aims to increase costs for online shoppers by ending a trade loophole for low-value imports.
- [00:56](https://youtube.com/sH5UsF3yksk?t=56s) 📦 The new order will impose duties on imported goods valued at $800 or less, affecting all countries, not just China and Hong Kong.
- [02:02](https://youtube.com/sH5UsF3yksk?t=122s) 📈 Import duties are expected to drive prices up on online platforms like TikTok and Amazon, where low-cost items are popular.
- [03:55](https://youtube.com/sH5UsF3yksk?t=235s) 🔺 Retailers relying on low-cost imports will face higher costs due to new tariffs, impacting their pricing strategies significantly.
- [05:29](https://youtube.com/sH5UsF3yksk?t=329s) 🚢 The changes will affect how companies import products, with many now facing duties on smaller shipments they previously avoided.
- [06:50](https://youtube.com/sH5UsF3yksk?t=410s) 💰 Entrepreneurs and online sellers will need to adjust their pricing and cost strategies in light of the new duties after August 29th.
- [07:19](https://youtube.com/sH5UsF3yksk?t=439s) 🛑 Consumers may limit purchases of certain lower-cost items due to anticipated price increases following the new tariffs.

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