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What is the trade loophole that Trump has shut?
short by Pragya Swastik / on 06 Feb 2025,Thursday
US President Donald Trump has shut the "de minimis" exemption on import tariffs, a trade loophole used to ship low-value packages duty-free from China. 'De minimis', legal term for matters of little importance, describes the US waiver of standard customs procedures and tariffs on imported items worth under $800 shipped to individuals. China's Shein, Temu, AliExpress benefitted from de minimis.
short by Pragya Swastik / 08:35 pm on 06 Feb
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