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From CNN, I'm AfomaDK, with the five things you need to know for Friday, August 29th.

Americans wanting to indulge in online retail therapy are about to see increased prices.

A key perk that allowed goods under $800 to enter the U.S. duty free expire today.

That impacts some K-Beauty products, machetees, clothing, and other international goods.

Here's CNN's Anna Kuban.

It's partly why Trump is ending this de minimis exemption is to help discourage Americans from buying overseas and incentivize homegrown manufacturing.

U.S. Customs and Border Protection estimated that over 1.36 billion shipments entered the US

during the last financial year under this de minimis exemption, and that more than 4 million

were processed every single day. Sellers will face different tariffs depending on which country

they are in. Sellers may decide to pass those extra costs onto US consumers and that means that

those late night impulse purchases will come with an even bigger dose of more money. Sellers may decide to pass those extra costs onto US consumers, and that means that those

late-night impulse purchases will come with an even bigger dose of morning regret.

Or they may simply not arrive at all. Postal services around the world, including in Japan

and Australia and across Europe, have temporarily suspended shipments to the United States.

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