US Ends De Minimis Tariff Loophole for All Imports, Disrupting Global E-Commerce
6 Articles
6 Articles
US Ends De Minimis Tariff Loophole for All Imports, Disrupting Global E-Commerce
The United States is preparing to eliminate its long-standing “de minimis” tariff exemption for low-value imports from every country, effective August 29, in a sweeping move to curb tariff evasion and bolster import oversight. Starting late August, packages valued at $800 or less—excluding those arriving via international postal services—will no longer qualify for duty-free entry, reports South China Morning Post. See Also: Trump, Jamie Dimon Re…
US ends tariff-free entry for low-value shipments from August 29 - Cargo Insights
The US suspends the $800 de minimis duty exemption for non-postal shipments; new tariffs apply. In a major policy shift aimed at tightening trade enforcement, the United States has suspended the long-standing de minimis exemption that allowed low-value commercial shipments (valued at $800 or less) to enter the country without tariffs. The move, announced by the White House, will take effect from August 29, following the signing of an Executive O…
End of de minimis adds to an already gloomy forecast for air freight - The Loadstar
Stakeholders are quickly coming to terms with what the end of de minimis will mean for airfreight volumes, as the Asia-North America tradelane posts its seventh consecutive month of decline. Yesterday, the US announced it was to revoke its de minimis exemption for all imports valued at less than $800 on 29 August, making these goods susceptible to duty and reporting requirements. “This is a major impact to the supply chain,” said ... The post …
On July 30, the White House announced that the US will suspend import duty exemptions for low-value commercial shipments sent to the US, according to an executive order signed by President Donald Trump.
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