International postal deliveries to the US fall by 80 percent following Trump’s change to de minimis rules.
Postal deliveries from various countries to the US have dropped by 80% since President Trump removed the “minimum” exception that exempted small packages under $800 from tariffs, according to a UN agency. The Universal Postal Coalition (UPU), which focuses on global postal cooperation, reported that postal services have plummeted since August 29, when the new […]
Global end of ‘de minimis’ exemptions on Friday: What does it signify?
The exemption from duties for packages sent to the US valued under $800 is set to come to an end this week. In July, President Trump enacted a Presidential Order to suspend the “de minimis” tax exemption, leading to an increase in mail carriers globally. Subsequently, package delivery to the US has faced a suspension. […]
European and Asian postal services to stop sending shipments to the US as Trump’s de minimis exemption ends
Postal services worldwide, particularly in Europe, are gearing up to suspend shipments to the US as a result of the upcoming end to the DE Minimus tariff exemption under the Trump administration. This “de minimus” rule previously allowed carriers to ship items valued under $800 to the US without incurring duties. Recently, the White House […]
Trump Supports Bitcoin De Minimis Tax Exemption: White House
The White House confirmed on Thursday that President Donald Trump is still backing a minimal tax exemption for everyday Bitcoin and other cryptocurrency transactions. Trump’s Stance on Bitcoin Tax Exceptions During a daily briefing, Press Secretary Caroline Leavitt responded to questions from Bitcoin magazine correspondent Frank Colva about whether the president remains committed to the […]
Temu’s daily users in the US reduced by 50 percent after the closure of the ‘de minimis’ loophole
In May, daily users of PDD Holdings’ discount e-commerce platform Temu dropped by 58%, as reported by the market intelligence firm Sensor Tower. This decline is seen as one of the challenges the retailer is facing amid ongoing US-China trade tensions. Following the White House’s decision on May 2 to terminate the “De Minimis” policy, […]
US to reduce ‘de minimis’ tariff on shipments from China to 54% from 120%
The US has lowered the “de Minimis” tariffs on Chinese goods from 120% to 54% and maintained a flat rate of $100, effective May 14th, as stated in a recent White House executive order. This decision comes shortly after both Beijing and Washington declared a pause in their ongoing trade conflict, agreeing to lift most […]
Why is Trump ending the ‘de minimis’ tariff loophole on low-value imports? | Trump tariffs
One minute of the night on Friday, Eastern Time is a US tariff exemption that has helped fuel the rise of companies like Shein and Temu and shut down cheap fast fashion and other household items in the wardrobes of millions of Americans. As part of US President Donald Trump's surge in tariffs on China, […]
Tariff hawks eager to see de minimis rule shuttered after Trump pause
Last week, President Trump pumped the brakes with a pledge to close import tax exemptions from China on cheap consumer goods. The suspension opens another front in the president's promised trade war, but the delays that close the so-called minimal loophole are now closed, and the preparations and policy groups head on the chaotic start […]