Days after U.S. President Donald Trump ended duty-free entry for cheap Chinese goods entering the U.S., his administration ...
(Justin Sullivan | Getty Images) A trade loophole called de minimis helped drive explosive growth for bargain sites such as ...
In a significant move aimed at leveling the playing field for American retailers, the United States has officially closed the ...
Earlier this week, Trump's executive orders for tariffs on Chinese goods also ended "de minimis," which allows retailers like Shein, Temu and Amazon to send packages to the U.S. quickly and cheaply.
In fiscal 2022, 83 percent of total U.S. e-commerce imports used the loophole, known as de minimis, according to ... it’s the consumer who is most likely to pay the price. Here’s why.
Trump had revoked the nearly century-old de minimis loophole in an executive order this month that imposed tariffs on China. The president imposed tariffs on Canada and Mexico at the same time but ...
The Trump administration on Friday delayed the suspension of the so-called de minimis provision ... but customers will still have to pay the import tax.
Another part of the order to halt the de minimis exception has also had e-commerce ... "They're used to not having to pay this money upfront before sales come, if at all," Barnett told Business ...
“It’s also a really tough thing to imagine that a customer is going to pay more than they already are.” The issue Russell was talking about is known as the de minimis exemption. It allows ...
"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 ...
The trade loophole is meant to ease small-scale sales — but critics say it's been abused and gives Chinese firms an unfair advantage. A trade loophole called de minimis helped drive explosive ...