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 ...
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 ...
(Credit: JADE GAO/AFP via Getty Images files) The de minimis exemption — derived from Latin meaning “too small to be of significance” — was an amendment to the Tariff Act of 1930 and was enacted by ...
“De minimis” rules, which state that incoming goods under a certain value are not subject to import duties, were temporarily suspended by the US but reinstated within a week. A rule change was ...
Harley Finkelstein threw his support Tuesday behind the de minimis exemption, which global businesses use to ship packages valued at less than $800 to the U.S. without having to pay duties.
As part of a new 10% tariff on China, on February 3 Trump revoked a “de minimis” rule that previously allowed small packages under $800 to enter the U.S. duty free. The exception enabled the rapid ...
This issue is preventing our website from loading properly. Please review the following troubleshooting tips or contact us at [email protected]. By submitting your ...
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, ...
Cancelling the exemption has plunged the industry into chaos, sowing panic and confusion among retailers, shippers and logistics providers ...
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 ...