US EditionWhat Does the Closure of the De Minimis Loophole Mean for Shoppers?
The closure aims to impose duties on small imports under $800, affecting competitors like Shein while Urban Outfitters reports $1.5 billion in sales with minimal impact.
- President Donald Trump will end the tariff exemption that allowed packages valued at $800 or less to enter the United States duty-free starting Friday, applying this change to shipments from all countries.
- This policy follows a July executive order to suspend the exemption, aiming to stop tariff evasion and reduce drug shipments through low-value parcels.
- Urban Outfitters stated the change will not hurt their business and may benefit them as competitors like Shein face challenges adapting to new regulations.
- Peter Navarro stated that closing this loophole could prevent thousands of American deaths, generate $10 billion annually in tariff revenue, and create numerous job opportunities.
- The change will impose fees on about four million shipments daily, potentially harming independent sellers and causing supply chain disruptions globally.
19 Articles
19 Articles
CPA Celebrates Closing of De Minimis Loophole - Coalition For A Prosperous America
De Minimis Ended Midnight Thursday Ending Decades-Long Customs Lawlessness WASHINGTON, D.C. — The Coalition for a Prosperous America (CPA) today celebrated the Trump administration for ending the de minimis trade loophole. This loophole allowed overseas vendors to ship directly to American consumers without any meaningful customs scrutiny if the foreign vendor merely alleged that the value was below $8…
As of this Friday, receiving a package in the United States will be much more expensive. That, if the package arrives: numerous national postal services had announced for days that they would suspend distribution to this country pending clear instructions. Washington has cancelled, with effect from this Friday, the clause known as de minimis that liberated from paying tariffs on shipments worth less than $800.Continue reading
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