Temu is going “local” after the US President raised tariffs by 10% on all imports from China. President Trump removed the “de minimis exemption” this week, citing it creates an uneven playing field ...
Statement by NCTO President and CEO Kim Glas: “We welcome CBP’s announced notice of proposed rulemaking exempting de minimis tariff-free benefits on imports ‘specified as trade and national security ...
The de minimis loophole facilitates the entry of approximately 4 million low-value shipments daily, often bypassing inspection and duties. This loophole benefits Chinese e-commerce platforms, ...
Capping off the first month of 2025, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 004-2025 (RR No. 4-25), amending the rules on certain de minimis benefits. It increased ...