The de minimis trade loophole, which exempted shipments under $800 from import taxes, has officially expired, impacting major retailers and international shipping costs. This loophole benefited companies like Shein and Temu, enabling them to sell low-cost items to American consumers without tariff implications. With over 90% of US cargo affected, the closure of this exemption is seen as significant by the White House, linking it to combating illicit drug imports. The new tariffs could raise prices and alter consumer behavior, marking a pivotal change in the retail landscape.
The de minimis exemption meant retailers could save a lot of money on parcels sent to the US by not having to pay import taxes or levies.
According to the US Customs and Border Protection, de minimis shipments account for over 90% of all cargo entering the US.
Closing de minimis is described by The White House as a critical step in countering the ongoing health emergency posed by the illicit flow of synthetic opioids into the US.
Trump noted that the loophole was a big scam going on against our country.
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