This is far from the case when it comes to de minimis, at least until recently. The de minimis law promotes trade and lowers barriers to global commerce by expediting the import of low-value items, ...
President Donald Trump has reversed his decision to eliminate the “de minimis” loophole that allowed packages from China valued at under $800 to be processed without customs duties or tariffs.
Shopify president Harley Finkelstein spoke out in favor of de minimis on Tuesday, saying that countries should make it easier to sell low-cost items cross-border. An executive order issued by ...
While the pause opens up another front in the president’s promised trade war, the delay on closing the so-called de minimis loophole has businesses scrambling to make preparations and policy ...
Impact Link Some brand owners feel like "collateral damage" in a global trade war after the Trump administration temporarily reversed its decision to end de minimis shipments. The sudden reversal ...
Current U.S. de minimis requirements allow any individual or business in the U.S. to receive up to $800 in imports per day without paying tariffs, effectively meaning any shipment valued under $800 ...
Fashion’s global supply chain is experiencing a seismic shift. The decades-old ‘de minimis’ rule — a seemingly innocuous trade provision allowing low-value individual parcels to be imported into the ...
The US has temporarily reversed its decision to block the de minimis exemption that allowed packages worth less than $800 to be imported into the country duty-free. A statement from the White House ...
The de minimis exemption is back in play for products from China — for now. The exemption will end for such products once the Secretary of Commerce notifies Trump "that adequate systems are in ...
why is de minimis controversial? Contentions largely concern U.S. trade imbalances and the synthetic opioid fentanyl - which is fuelling a national epidemic that killed nearly 75,000 people in 2023.
Trump's executive order took aim at a little-known trade rule called "de minimis." Merchandise with a value totaling less than $800 is allowed to enter the country duty-free and with minimal ...
A trade loophole called de minimis helped drive explosive growth for bargain sites such as Temu and Shein, allowing them to ship cheap goods from China to U.S. consumers without having to pay taxes ...
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