Trump’s Decision on De Minimis Helped Sink Luxury Retailer Ssense

BloombergMonday, September 15, 2025 at 6:50:57 PM
Trump’s Decision on De Minimis Helped Sink Luxury Retailer Ssense
Trump's decision to end a duty exemption for small shipments to the US has significantly impacted Canadian luxury retailer Ssense, contributing to its bankruptcy filing.
Editor’s Note: This situation highlights the challenges faced by retailers in the current economic climate, especially those relying on international shipments. The removal of the duty exemption could set a precedent affecting other businesses in the luxury sector.
— Curated by the World Pulse Now AI Editorial System

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