Trump Hit With Backlash As Prices SKYROCKET After Tariff Loophole Shut Down

Donald Trump gets hit with backlash from consumers as well as budget stores such as AliExpress, which is now displaying Trump tariff increased prices, after Trump orders a tariff loophole exempting goods under $800 to be shut down, which will spike already increasing prices on imported goods. John Iadarola and Jayar Jackson break it down on The Damage Report. Leave a comment with your thoughts below!

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A massive tariff on millions of Americans’ purchases just went into effect — cue the chaos - https://www.cnn.com/2025/05/02/economy/de-minimis-packages-tariff

"CNN — Many Americans might not have felt major effects from President Donald Trump’s sweeping tariffs — until now.

That’s because a major shipping loophole expired at one minute past midnight on Friday. The de minimis exemption, as it’s known, allowed shipments of goods worth $800 or less to come into the United States duty-free, often more or less skipping time-consuming inspections and paperwork.

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 to patio furniture, clothes to photography equipment and more into US homes."

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