A decades-old shipping loophole that made imported goods cheaper for customers and boosted foreign e-commerce platforms such as Shein and Temu sunsetted Friday.

The Trump administration closed a tariff loophole on packages from China and Hong Kong with a value of $800 or less.

The de minimis exception, which has allowed businesses to import low-value goods without duties from China and Hong Kong, has expired as of 12:01AM ET today as part of President Trump’s executive order signed last month.

Despite mounting financial pressure, China says it won’t negotiate until the Trump administration shows “sincerity” by canceling tariffs on its goods.

China's Commerce Ministry says it is evaluating the possibility of trade talks with the US, following senior US officials' expressions of willingness to talk about tariffs. They urge the US to show "sincerity" towards China,

Beijing has responded to Trump’s tariff hikes by raising its own duties on imports of US products to as high as 125 percent.