Shein's and Temu's sales fluctuated amid tariff news, credit card data showed.
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 ...
"It's huge; the biggest thing in this executive order is de minimis," Ram Ben Tzion, founder of Ultra Information Solutions, told Sourcing Journal. However, that doesn't mean shipments from Temu ...
(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 ...
Current U.S. de minimis requirements allow any individual or business in the U.S. to receive up to $800 in imports per day without paying tariffs, effectively meaning any shipment valued under $800 ...
Import Security and Fairness Act, which aimed to prohibit nonmarket economy countries and nations on the priority watch list from receiving de minimis treatment. “What does this mean for the ...
Proposed move may increase delivery times, push price tags up by as much as 50% for items that continue to ship by air.
The Biden-Harris administration announced Friday that it is taking action to limit the number of imports eligible for the de minimis exception to American tariffs and customs inspection.
De minimis packages – from the Latin, essentially meaning “trivial” or “the smallest kind” – account for 92% of all cargo entering the U.S. – around 1 billion shipments in 2023 ...
Rep. Linda Sánchez on Tuesday introduced legislation to close the de minimus loophole that allows the duty-free importation of packages valued at under $800.