Trump abruptly axes obscure trade law — and it could cost consumers $10.9B. How to adjust to this new reality

The abrupt end of an obscure trade law has sent the retail world into a panic. Called the “de minimis” exemption, this law permitted goods under $800 in value to enter the U.S. with minimal oversight. The goal was to facilitate faster and easier trade at the border, but the exemption ended abruptly when President Trump signed an executive order at the end of August. Must Read Lynlee Brown, a partner in the global trade division at the accounting firm EY, told CNBC that the change is going to "cause a bi ...