Yahoo Finance

Give an update on President Trump's tariff policies. A loophole that previously saved Americans on low-cost items is no longer in effect. The de minimis exemption, which allowed shipments of goods under $800 to come into the US tariff-free, has ended. Shipments from Chinese e-commerce giants like Shein, Temu, and Alibaba will now be subject to the 145% base tariff on all Chinese goods.

Another tariff headline we're watching, President Trump's 25% tariff on auto parts goes into effect Saturday. That's separate from the 25% tariff already in place for all auto imports. But earlier this week, President Trump did sign an executive order to soften some of those levies. One exemption now prevents tariffs from stacking on top of each other. The move is also retroactive, so automakers can be reimbursed for tariffs like those on steel and aluminum if they already paid them.

With that in mind, the other executive order provides some relief if final assembly of cars is done in the US. A Commerce Department official says these changes will help automakers get more lead time to adjust to tariffs. Barclays analyst Dan Levy doesn't see the exemptions as materially changing the landscape for automakers, saying they expect benefits to be somewhat limited versus the greater tariff costs.

And Ford said recent changes on tariffs are helpful, but more work is needed on the policies. GM cut its profit forecast for 2025 by more than 20%, saying tariffs could cost up to $5 billion, and Stelantas suspended its full-year outlook due to tariffs. It's been one month since President Trump announced his slate of country-specific tariffs before pausing them for negotiations. No deals with individual countries have been made yet.