Mar-a-Lago<\/a>, Trump said that duty-free shops at airports and ports operate as \u201cgiant loopholes\u201d in U.S. trade policy. He insisted that closing them would ensure tariffed countries cannot move goods without paying taxes.<\/p>\n\n\n\n\u201cThis is about fairness. No more sneaking perfume, liquor, or watches past the American system,\u201d Trump said.<\/p>\n\n\n\n
Economists noted that duty-free sales account for only a small share of U.S. trade. Still, Trump argued the principle mattered, linking the move to his \u201cAmerica First\u201d trade agenda.<\/p>\n\n\n\n
Treasury Secretary Scott Bessent estimates the closures will generate $2.8 billion annually in additional tariff revenue. “Every bottle of perfume and pack of cigarettes will now pay proper duties,” Bessent explained.<\/p>\n","protected":false},"excerpt":{"rendered":"
WASHINGTON \u2014 President Donald Trump announced that all duty-free stores in the United States should be shut down, arguing they allow foreign products to bypass tariffs. Speaking from Mar-a-Lago, Trump said that duty-free shops at airports and ports operate as \u201cgiant loopholes\u201d in U.S. trade policy. He insisted that closing them would ensure tariffed countries…<\/p>\n","protected":false},"author":2,"featured_media":313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[6],"tags":[41,40],"class_list":["post-312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics","tag-donaldtrump","tag-duty-free-shop"],"_links":{"self":[{"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/posts\/312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/comments?post=312"}],"version-history":[{"count":3,"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/posts\/312\/revisions"}],"predecessor-version":[{"id":316,"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/posts\/312\/revisions\/316"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/media\/313"}],"wp:attachment":[{"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/media?parent=312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/categories?post=312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailypost.news\/en\/wp-json\/wp\/v2\/tags?post=312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}