U.S. Ends De Minimis Trade Exemption for China
What Is the De Minimis Rule? The de minimis rule, derived from a Latin term meaning “trifling” or “of little importance,” was first introduced in the U.S. Tariff Act of 1930. It allows small-value goods to enter the United States duty-free and with minimal customs inspection.
The Trump administration move to stop low-cost imports entering the U.S. tariff-free is likely to hit fast fashion retailer ...
The trade loophole is meant to ease small-scale sales — but critics say it's been abused and gives Chinese firms an unfair advantage.
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Trump Took on De Minimis. But Will It Stick?The president's executive order exacted new duties on China, and prevents the country's omnipresent e-commerce players from ...
Trump's tariff executive order closes the de minimis tax loophole, causing brands to scramble for solutions.
President Trump's executive order expanding tariffs could snag billions of dollars in cheap goods from retailers like Temu ...
The closure of the de minimis loophole by the U.S. affects consumers buying low-cost items from China, disproportionately impacting lower-income and minority communities. Economists predict a $10.9 ...
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Air Cargo Rates Set to Sink as De Minimis Gets the AxeElevated capacity could bring rates down lower than late 2023 figures if firms like Shein and Temu can't ship goods into the ...
The U.S. has been importing about three million parcels a day with little customs inspection, raising concerns about the ease ...
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