Reported 1 day ago
The de minimis exemption for products imported from China has been temporarily reinstated, allowing items valued under $800 to enter the U.S. without additional tariffs. This change follows the Trump administration's previous decision to end the exemption amidst a 10% tariff increase. However, the exemption will be revoked once the Secretary of Commerce confirms that proper systems for tariff processing are in place. This news offers relief to businesses reliant on the exemption amidst ongoing uncertainties in cross-border shipping.
Source: YAHOO