U.S. President Donald Trump signed an executive order on Wednesday that closes a trade loophole used to ship low-value packages duty-free from China, known as "de minimis," an aide said.

President Trump is cracking down on a popular tariff exemption for goods from China that allowed small shipments to avoid duties and customs inspections. Trump on Wednesday signed an executive order eliminating the so-called de minimis provision for low-value parcels from China,

President Donald Trump plans to launch sweeping reciprocal tariffs on Wednesday. Though details surrounding Trump's economic policy remain unclear, Trump has promoted his Wednesday announcement as "the big one,

The sweeping tariffs will cause prices here to rise in the short-term, economists said. And Trump can't order people to keep buying goods with a stroke of his pen.