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 ...
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.
Over the years, Congress has revised the de minimis threshold several times. Starting in the 1990s, the U.S. began using the exemption — also referred to as Section 321 — to minimize transaction costs ...
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 ...
“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 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 ...
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 ...
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.
One logistics executive on Friday told Reuters that customs had begun releasing packages it was holding at JFK, which has been taking in about 60 million de minimis e-commerce packages annually.
reducing importing under the de minimis threshold. In contrast, Shein remains more reliant on air freight to directly ship the thousands of styles of ultra-fast fashion items it pumps out each week, ...
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 ...