closed

The Trump Administration Just Closed the De Minimis Import Tax Exemption. Here’s What That Means for Your Wallet.

The Trump Administration Just Closed the De Minimis Import Tax Exemption. Here's What That Means for Your Wallet.

Key Takeaways The Trump administration closed the de minimis import tax exemption loophole on Friday, which could further disrupt the online shopping industry. Previously, packages valued at less than $800 could enter the U.S. without being subject to import duties and tariffs. The exemption for imports from China ended in May and has now been

The Trump Administration Just Closed the De Minimis Import Tax Exemption. Here’s What That Means for Your Wallet. Read More »