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

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