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de minimis exemption ends

2,566 415 July 30, 2025 at 01:28 PM in Finance
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President Donald Trump signed an executive order ending the de minimis trade loophole for low-value packages shipped from all countries.
The order takes effect Aug. 29.
The move comes after Trump in May suspended the provision for shipments from China and Hong Kong, where a significant share of de minimis packages originate

CNBC
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Joined Jun 2005
Let Sleeping Dogs Lie
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komondor
08-04-2025 at 01:34 PM.
08-04-2025 at 01:34 PM.
Good companies have been using this loophole for a long time and it hurts more legitimate businesses.
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