So long, farewell, super cheap tariff-free shopping

This NPR Planet Money Indicator podcast episode discusses the end of the de minimis exemption in the US, which allowed packages valued under $800 to enter the country tariff-free. The elimination of this exemption, effective August 29th, has caused significant disruption, with postal services in various countries suspending shipments to the US due to the complexities of collecting tariffs on individual small packages. The podcast explores the impact on small businesses like an Australian jewelry maker who relies on US sales, the logistical challenges for customs and postal services, and the potential economic winners and losers, including American retailers and low-income consumers. The episode also touches upon the role of the exemption in facilitating the growth of online retailers like Temu and Shein and the government's concerns regarding the import of illegal substances.