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If you’ve purchased something from Chinese e-commerce giants Shein, Temu or Alibaba, then you may have benefited from a trade loophole called the de minimis exemption.
have already taken steps to offset elimination of de minimis by expanding their operations in the US, diversifying their supply chains, and shifting to bulk orders. For example, Temu’s strategy ...
Hong Kong’s postal service will stop handling packages coming from or going to the United States, in the latest retaliatory ...
The West Branch school district released a statement on opening the girls' basketball head coaching job and not retaining veteran coach Walt DeShields.
Trump is ending the 'de minimis' exemption. Xi Jinping Breaks Silence on US Tariff War La Niña is dead. Here’s what to expect in the coming months Jelly Roll drops nearly 200 pounds ...
This will come into force on May 2, when the de minimis exception closes in the US. Starting on May 2, products coming directly from China will be subject to duties of 90% of their stated value.
Trump tariffs: Follow here for live updates on Wednesday What is 'de minimis' and what does it have to do with Temu and Shein? The de minimis exemption refers to Section 321 of the Tariff Act of ...
“Demand is going to dry up. It’s gonna be brutal.” Trump last Wednesday ended the so-called de minimis exemption and gave notice that postal parcels will face a duty rate of either 30% of their value ...
The exemption in question is called de minimis, which saves low-cost items coming into the U.S. from getting taxed. That formed the bulk of Temu and Shein's order, which also led to their ...
Trump on Wednesday signed an executive order eliminating the so-called de minimis provision for low-value parcels from China, effective May 2. Under U.S. tax law, the de minimis provision allows ...
The resale industry could stand to benefit from Trump’s closing of the "de minimis exemption" on cheap goods from China.