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New tariffs and the end of the de minimis rule which exempted imports into the U.S. under $800 from duties is having a marked ...
The de minimis exemption was introduced as part of the Tariff Act of 1930 and was initially set at $200. It stayed at that level until 2016 , when the U.S. bumped it up to $800.
Supporters of the crackdown, however, argue that the de minimis loophole gave Chinese companies an unfair advantage over American small businesses and allowed them to flood the U.S. with cheap ...
The de minimis rule, which dates to 1938, had been a target of criticism from American lawmakers as a loophole that lets Chinese products skirt U.S. tariffs and allows illegal drugs and precursors to ...
The de minimis exemption was introduced as part of the Tariff Act of 1930 and was initially set at $200. It stayed at that level until 2016 , when the U.S. bumped it up to $800.
The de minimis exemption was introduced as part of the Tariff Act of 1930 and was initially set at $200. It stayed at that level until 2016 , when the U.S. bumped it up to $800.
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