Why Etsy Stock Sank by Over 8% on Monday

The end of an advantageous purchasing loophole is putting a damper on shares of Etsy (NASDAQ: ETSY). The crafting site suffered a more than 8% decline in its stock price on Monday as that curtain is expected to come down later this week. By comparison, the bellwether S&P 500 index was nearly unscathed as it declined only 0.4%.That loophole is the de minimis exemption under which goods imported into the U.S. are exempted from taxes and tariffs if a shipment of them is worth under $800. At the end of July, President Trump signed an executive order eliminating de minimis, effective this coming Friday, Aug. 29. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool