Air cargo shipment volume from Asia has declined by double digits since the U.S. cancelled a tax-free exemption for low-value ...

The de minimis rule, which dates to 1938, had been a target of criticism from American lawmakers as a loophole that lets ...

The bill proposes a $300 exemption for small Bitcoin and crypto transactions, defers taxes on mining and staking until assets ...

The trade group lauded Senate lawmakers for choosing to leave the section that proposes ousting de minimis by 2027.

Data from US customs revealed a surge in de minimis exemption use by over 600%, climbing from around 139m shipments in fiscal year 2015 to over 1bn annually in 2023.

The latest provision “repeals the de minimis privilege worldwide” effective 1 July 2027. It added that “this section also increases penalties for violators of Section 321 of the Tariff Act of 1930”.

Starting Wednesday, the "de minimis" tariff will drop from 120% to 54%. A flat fee of $100 per parcel will remain in effect, but that won’t increase to $200 on June 1 as previously announced ...

Today, it is over 60 percent. In 2018, Chinese exports under de minimis were $5.3 billion, but rose rapidly to $66 billion in 2023, the Congressional Research Service found.

The Trump administration has cut its tariff on “ de minimis” packages, or shipments of goods worth $800 or less, coming in from China from 120% to 54% and slashed the rate from 145% to 30% for ...

The US is to cut the low value de minimis tariff on China shipments, a White House executive order said on Monday, further de-escalating a potentially damaging trade war between the world’s two ...

In February, US President Donald Trump ended the de minimis exemption by imposing a tax of 120 per cent of the package’s value or a planned flat fee of US$200 – set to come into effect by June – ...

The U.S. de minimis rule, which dates back to 1938, has been the target of growing criticism from both Democratic and Republican lawmakers as a loophole that allows Chinese products to skirt U.S ...