The closure of the de minimis tax loophole on May 2 will prevent duty-free imports of Chinese goods valued under $800. As brands face rising tariffs, they are exploring strategies to defer duties, such as utilizing bonded warehouses to regulate cash flow by spreading out tax payments over time. This trend follows increased demand for such warehousing solutions, with companies like ShipMonk expanding their operations to support importers navigating this transition. The focus now shifts to managing costs more effectively amid evolving trade policies.
"The name of the game is duty deferral now if your goods are made in China," Alex Yancher, the CEO of Passport Global, told Business Insider.
"The main thing here is the cashflow benefit, especially when brands are paying this exorbitant rate for duties and tariffs now," ShipMonk's president, Kevin Sides, told BI.
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