An Obscure Trade Provision May Be Driving U.S. Factory Closures
They blame a once-obscure trade provision, called de minimis, which has been thrust into the spotlight in recent months.
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US coalition calls for permanent end to de minimis loophole
This bypasses standard customs procedures and data reporting requirements. The coalition explains that de minimis was originally designed for tourists returning with souvenirs. However ...
Forever 21 says the 'de minimis' exemption used by Shein and Temu is partly responsible for its second bankruptcy
Forever 21 says it can't compete with e-commerce companies that send small packages without paying tariffs via the "de ...
Shein and Temu got a taste of what it could be like once de minimis is gone for good
Shein's and Temu's sales fluctuated amid tariff news, credit card data showed.
Forever 21 files for bankruptcy again, to start liquidation sales
Forever 21's U.S. operator on Sunday filed for bankruptcy due to for the second time in six years and said it would wind down ...
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US coalition calls for permanent end to de minimis loophole
This bypasses standard customs procedures and data reporting requirements. The coalition explains that de minimis was originally designed for tourists returning with souvenirs. However, it adds this ...