They blame a once-obscure trade provision, called de minimis, which has been thrust into the spotlight in recent months.
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Graphic Truth: De massive problem with “de minimis” packagesA decade ago, the US government raised the so-called “de minimis” threshold on imports from $200 to $800. This means any foreign packages worth less than $800 get no routine inspection or ...
Earlier this month, the New York State Department of Health (DOH) released its first formal guidance under Public Health Law (PHL) Article 45-A, ...
A range of firms who would have otherwise priced above the tax notch lower prices, implying a source of terms of trade gains for the country imposing de minimis. The empirical analysis identifies the ...
In a letter to congressional finance leaders, the AICPA listed increasing the threshold to $10,000 as one of its priorities.
The New York State Department of Health (DOH) has published a set of Frequently Asked Questions (FAQs) to provide guidance on the "Disclosure ...
Forever 21 says it can't compete with e-commerce companies that send small packages without paying tariffs via the "de ...
About 100 countries have de minimis exceptions, based on a wide range of monetary thresholds. The U.S. level used to be $200, but it rose to $800 in 2016 — one of the highest in the world ...
However, tariff evasion is a broader issue and is prevalent in non-de minimis imports as well. For instance, between 2009 and 2013, Ford misclassified Transit Connect cargo vans from Turkey as ...
Shein's and Temu's sales fluctuated amid tariff news, credit card data showed.
Moreover, despite Canada’s lower de minimis threshold, Temu became the top downloaded shopping app within a month of its 2023 launch, showing that market dynamics, not just tariffs, drive ...
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