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Logistics startup Portless secures $18 million in Series A funding amid tariff changes, offering Western brands a ...
A Latin term that used to be little-known outside the world of customs brokers has become the stuff of headlines this year. That’s thanks to a decision by US President Donald Trump to close a tariff ...
The federal trade court decision striking down President Trump’s tariffs appears to also reinstate a popular trade provision used to bring low-cost goods from China into the U.S. duty-free, according ...
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 ...
Shein and Temu benefit from Trump's pause on ending the de minimis exemption — for now. The de minimis exemption allows duty-free imports under $800. Meanwhile, many companies that source their ...
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 ...
A trade loophole known as the de minimis exemption is set to expire on May 2, 2025, possibly driving up the cost of packages for U.S. shoppers who purchase goods online from China. The de minimis ...
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 ...
Nicole Narea covers politics Vox. She first joined Vox in 2019, and her work has also appeared in Politico, Washington Monthly, and the New Republic. Cheap goods from China on Americans’ go-to ...
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 ...
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 ...