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 ...
Faculty, staff and community volunteers spent the day at the Sarita Wetland carrying garbage out and wood chips for trails in. The project was part of the campus-wide Beautiful U Days. The ...
(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 ...
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 ...
The “de minimis” exemption that allowed packages worth less than US$800 to enter the United States duty-free was removed as part of an executive order signed by Trump on February 1 ...
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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.
Popular online retailers including Shein, Temu, and Amazon.com's new Haul service send packages directly from Chinese factories to US shoppers and use de minimis to keep prices low US President ...
Both sites grew exponentially in the US in recent years helped by the so-called de minimis rule, a measure that exempted shipments worth less than US$800 from import duties. A June 2023 report ...