China Gets De Minimis Reprieve
De minimis exemptions for Chinese goods have been restored per a Friday executive order from President Trump, pending Commerce Department assurances that customs officials can handle a massive influx of products that would be subject to formal processing. Trump’s latest executive action undid the de minimis-stripping provisions of his previous order, tacking an additional 10% tariff on Chinese goods, which took effect last Tuesday. A Congressional report found de minimis packages accounted 80% of U.S. e-commerce shipments in 2022 as Chinese e-commerce sites such as Temu and Shein built their rapid ... Log in to view full article.