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 ...
Shein and Temu won't meet an untimely end because of de minimis changes, e-commerce experts say. The logistics world has been expecting changes to the de minimis exemption for a while, and both ...
US President Donald Trump’s elimination of a long-standing tariff exemption that benefited China’s cross-border e-commerce giants will hurt American consumers – especially those on low ...
(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 ...
(Reuters) -U.S. President Donald Trump this week shut a trade loophole that has been used to ship low-value packages duty-free from China, the "de minimis" exemption on import tariffs. Trump's ...
Capping off the first month of 2025, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 004-2025 (RR No. 4-25), amending the rules on certain de minimis benefits. It increased ...
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 ...
"This is causing chaos at all levels, " said Andrew K. McAllister, a partner at law firm Holland & Knight in Washington, D.C. The de minimis exemption has been around since 1930, when the ...
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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