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US ends de minimis loophole for international imports

As of Friday, the US has abolished duty-free imports for goods valued under 800 dollars. President Donald Trump initially lifted the exemption for China. At the end of July, he also ordered the end of duty-free status for parcels from around the world. International postal services had already restricted shipments to the US in recent weeks due...

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Business

Trump officially closes de minimis loophole for Chinese goods: What you need to know

The de minimis tax exemption has officially closed for Chinese imports to the US. The loophole has caused much debate in recent years, particularly as experts weigh the possible impact and implications on both companies and consumers if a full halt was enforced. Here is what you need to know… What is the de minimis exemption? De minimis – a...

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