U.S. closes tax loophole, starting import fees on small Chinese e-commerce purchases.

The U.S. has closed a tax loophole allowing Americans to buy inexpensive items from China without import fees. This change means the U.S. will now collect import duties on small packages from Chinese e-commerce sites, likely increasing costs for consumers. The move aims to boost domestic businesses and curb the influx of potentially illicit goods, while Chinese retailers are promoting locally stocked goods to avoid the new taxes.