Tag: de minimis explained
-
Loophole Allows $54 Billion Worth of Products to Enter the U.S. Without Tariffs, Reports WSJ
A recent examination has shed light on a significant loophole in U.S. trade policy allowing approximately $54 billion worth of products to enter the country tariff-free annually. This situation arises from a provision known as the de minimis rule, which exempts international shipments valued at $800 or less from customs duties. Initially designed to ease…