Trump closes de minimis loophole for China
The import threshold exemption cited most often as a loophole for allowing e-bikes and lithium-ion batteries to enter the U.S. marketplace without scrutiny no longer will apply to those products valued at under $800 coming from China and Canada beginning Tuesday.
The Canadian Press on MSN23h
What is the de minimis exemption? Why Canadian businesses fret over its fateCanadian companies say losing the exemptions will inflict as much damage to their business as the 25 per cent tariff Donald Trump is promising to apply in a few weeks.
Sourcing Journal on MSN3d
Trump Took on De Minimis. But Will It Stick?The president's executive order exacted new duties on China, and prevents the country's omnipresent e-commerce players from ...
Trump's tariff executive order closes the de minimis tax loophole, causing brands to scramble for solutions.
Eliminating tariff exemptions will increase import delivery times and make direct-to-consumer goods more expensive.
The US Postal Service halted packages from China and Hong Kong. It reversed the decision, but Temu and Shein shoppers could ...
The U.S. has been importing about three million parcels a day with little customs inspection, raising concerns about the ease ...
RBC Ukraine on MSN5d
White House announces tariffs on Canada, China, and Mexico starting February 4The White House has announced that US President Donald Trump has ordered the introduction of a 25% tariff on Canadian and Mexican imports and a 10% tariff on goods from China, starting February 4.
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