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De Minimis Rule

All articles tagged with #de minimis rule

world4 months ago•3 min saved

European and Indian Postal Services Suspend U.S. Shipments Over Tariffs

European parcel companies are temporarily suspending some shipments to the U.S. due to new U.S. tariff policies that eliminate the 'de minimis' exemption for packages over $800, leading to logistical uncertainties and disruptions in international shipping. While the policy aims to increase tariff revenue and prevent illicit imports, it has caused significant operational challenges for European postal services, with some expecting the disruptions to be brief while they adapt to new customs procedures.

via NPR|

#de-minimis-rule #international-logistics #shipping-disruptions

business1 year ago•5 min saved

"Chinese Retailers Revolutionize American Clothing Bargains"

Chinese retailers like Shein are able to offer steep bargains on clothes to American consumers due to the de minimis exception, which allows parcels valued under $800 to enter the U.S. duty-free per person per day. Lawmakers are now questioning whether this rule allows manufacturers to avoid tariffs and bypass laws, while defenders argue that restricting its use would make purchases more expensive for American consumers and small businesses. The explosive growth in e-commerce has led to a surge in de minimis packages entering the U.S., with concerns raised about the loophole facilitating the flow of deadly drugs and hurting American industries.

via The Associated Press|

#business #chinese-retailers #de-minimis-rule