Diamond Member Pelican Press 0 Posted 3 hours ago Diamond Member Share Posted 3 hours ago This is the hidden content, please Sign In or Sign Up Trump delays ending of de minimis trade exemption targeting China Employees package and sort express parcels at an e-commerce company on Nov. 1, 2024, around the Double 11 Shopping Festival in Lianyungang, Jiangsu Province of China. Vcg | Visual China Group | Getty Images President Donald Trump This is the hidden content, please Sign In or Sign Up that puts a pause on his closing of the de minimis trade exemption, a provision commonly used by ******** e-commerce companies Temu and Shein. The order states that de minimis will be restored for small packages shipped from China, “but shall cease to be available for such articles upon notification by the Secretary of Commerce to the President that adequate systems are in place to fully and expediently process and collect tariff revenue” on those items. Trump on Saturday suspended the exemption as part of new tariffs that include an additional 10% tax on ******** goods. The nearly century-old exception, known as de minimis, has been used by many e-commerce companies to send goods worth less than $800 into the U.S. duty-free, creating a competitive advantage. It was predicted that its removal could overwhelm U.S. Customs and Border Protection employees, as the mountain of low-value shipments already making their way into the U.S. would suddenly require formal processing. De minimis has helped fuel an explosion in cheap goods being shipped from China into the U.S. CBP This is the hidden content, please Sign In or Sign Up it processed more than 1.3 billion de minimis shipments in 2024. This is the hidden content, please Sign In or Sign Up from the House Select Committee on the ******** ********** Party found that “likely nearly half” of all de minimis shipments originate from China. This is the hidden content, please Sign In or Sign Up #Trump #delays #minimis #trade #exemption #targeting #China This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Link to comment https://hopzone.eu/forums/topic/211451-trump-delays-ending-of-de-minimis-trade-exemption-targeting-china/ Share on other sites More sharing options...
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