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The trade group lauded Senate lawmakers for choosing to leave the section that proposes ousting de minimis by 2027.
On Wednesday, Mr. Trump called the de minimis exemption "a big scam going on against our country, against really small businesses." "We put an end to it," he said.
The de minimis exemption was introduced in 1938 to reduce duties, fees, and other taxes on certain imported goods with a value of $1 or less, before the threshold was raised to $8 in 1978, $200 in ...
A growing number of foreign imports have fallen under the de minimis exemption in the last decade. Between 2015 and 2024, the volume of de minimis shipments increased from 134 million to nearly 1. ...
Amazon.com Services LLC’s wage law interpretation won out at Maryland’s highest court, where a majority said a doctrine ...
The de minimis exemption, as it’s known, allowed shipments of goods worth $800 or less to come into the United States duty-free, often more or less skipping time-consuming inspections and paperwork.
Legal experts said the de minimis provision has been in place since the 1930s, and is a recognition of the need for alternative trade rules for smaller, less valuable products.
What the 90-day U.S.-China tariff reduction means for businesses 09:33. The "de minimis" tariff rate on low-value parcels from China will come down to 54% from 120%, the White House said in an ...
The de minimis exemption allows a shipment of foreign goods imported by one person in one day that’s valued under $800 to enter the U.S. without paying duties or undergoing rigorous customs ...