Tag Archives: minimis

Trump ends de minimis exemption for tariffs, imposes copper, Brazil levies  Axios Trump ends international tax loophole: What it means for consumers, businesses  Axios Trump ends de minimis exemption for global low-cost goods  CNBC White House to end US tariff exemption for all low-value overseas packages  The Guardian President Trump suspends de minimis exemption for low-value imports  CBS News Source link

A U.S. postal worker delivers Amazon boxes outside of the New York Stock Exchange on Oct. 11, 2018. Spencer Platt | Getty Images President Donald Trump on Wednesday signed an executive order ending the de minimis trade loophole for low-value packages shipped from all countries. The order, which takes effect Aug. 29, will subject any shipments of imported goods into …

President Trump on Wednesday signed an executive order suspending what’s known as a de minimis exemption allowing low-value parcels that are shipped to the United States to avoid tariffs.  The White House said it’s closing what it called a “catastrophic loophole” that shippers use to “evade tariffs and funnel deadly synthetic opioids or below-market products” into the U.S. The order …