Canadian Finance Minister Francois-Philippe Champagne said Group of Seven countries have already started discussing tariffs ...

Low-value parcels shipped from China to the U.S. are now subject to a 54% tariff after a trade agreement was reached.

Cheaper goods from China are no longer exempt from import duties, which could sharply raise prices for consumers.

A Latin term that used to be little-known outside the world of customs brokers has become the stuff of headlines this year.

The Trump administration has cut its tariff on “de minimis” packages, or shipments of goods worth $800 or less, coming in from China from 120% to 54% and slashed the rate from 145% to 30% for ...

That’s because a major shipping loophole expired at one minute past midnight on Friday. The de minimis exemption, as it’s known, allowed shipments of goods worth $800 or less to come into the ...

In fiscal 2022, 83 percent of all U.S. e-commerce imports used the “de minimis” loophole, according to a government report. Trump initially did away with the de minimis exemption in February ...

China exported $240 billion in direct-to-consumer goods benefiting from de minimis worldwide last year, accounting for 7% of its overseas sales and contributing 1.3% of gross domestic product ...

STORY: The U.S. looks set to cut the so-called “de minimis” tariff on low-value packages from China to as little as 30%. That would be a further step towards de-escalating a trade war between ...

Forbes contributors publish independent expert analyses and insights. Mark Faithfull is London-based and covers retail and real estate China’s ultra cheap fashion and general goods giants may be ...

A container ship sails off a port in Qingdao in east China’s Shandong province on Wednesday, May 7, 2025. AP In February, President Donald Trump ended the de minimis exemption by imposing a tax ...