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President Donald Trump’s “big, beautiful” tax bill was approved by the House Ways and Means Committee this week—and the ...
Shoppers like Mello who buy inexpensive products from China-based e-commerce companies like Shein, Temu and Alibaba can expect to pay more for ... known as “de minimis,” which applies ...
The United States will cut the "de minimis" tariff for low-value items imported from China, a White House executive order ...
Be prepared to pay more for your Shein and Temu hauls ... In fiscal 2022, 83 percent of all U.S. e-commerce imports used the “de minimis” loophole, according to a government report.
A trade loophole called de minimis, which allowed for cheaper international shipping, expired one minute past midnight on Friday. The de minimis exemption meant retailers could save a lot of money ...
She regularly appears on CBS News 24/7 to discuss her reporting. The so-called de minimis package loophole had long allowed Chinese e-commerce firms to ship low-value goods to U.S.-based customers ...
If you buy it from Shein, the de minimis exemption allows you to skip most of those costs and pay none of the taxes or fees a larger-volume importer would pay. That’s why the policy is popular ...
American shoppers relied on the de minimis loophole, too, for bargain-basement prices that couldn't be matched for goods made in the U.S. Temu, for one, announced a dramatic shift to its business ...
HONG KONG/SHANGHAI/LOS ANGELES, May 13 (Reuters) - The U.S. will cut the "de minimis" tariff for low-value ... freight some packages from China and pay the 54% tariff rather than import all ...
The de minimis trade loophole has expired, affecting international shipping costs. The loophole allowed shipments under $800 to avoid import taxes and levies. Shein and Temu have said they will ...