Cheaper goods from China are no longer exempt from import duties, which could sharply raise prices for consumers.

A Latin term that used to be little-known outside the world of customs brokers has become the stuff of headlines. That’s thanks to a decision by US President Donald Trump to close a tariff loophole for “de minimis” merchandise from mainland China and Hong Kong from May 2.

Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday.