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 ...
U.S. President Donald Trump this week shut a trade loophole that has been used to ship low-value packages duty-free from ...
The maximum value such parcels can have varies widely: The U.S.’ $800 threshold is one of the highest in the world. EU countries impose charges on imports valued at €150. China’s “de minimis” rule ...
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.
But, that doesn't mean changing de minimis for the better in some way is impossible, says Ben Tzion. He believes that, once the dust settles, a more likely scenario is one where the exemption ...
Impact Link Some brand owners feel like "collateral damage" in a global trade war after the Trump administration temporarily reversed its decision to end de minimis shipments. The sudden reversal ...
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 ...
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 ...
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 ...
Trump's executive order took aim at a little-known trade rule called "de minimis." Merchandise with a value totaling less than $800 is allowed to enter the country duty-free and with minimal ...
President Donald Trump signed an executive order on Friday that puts a pause on his closing of the de minimis trade exemption ... over the past 3 months, but one CIO says its AI message is ...