What is the void de minimis? Trump's tariffs aim at TEMU.


Is your temple purchase to become more expensive?

Low-priced online retailers such as TEMU and Shein have used a trade provision (available since the 1930s) to help them grow in the US and offer lower prices than competitors with Base State.

However, on Saturday, when President Trump signed an executive order (EO) that decides Tariffs and taxes on goods and energy Imported from China, Mexico (now forbidden), and Canada starting in Tuesday, it will also end a less well -known but widely used exception known as “de minimis”, a provision that allows packages worth less than $ 800 to be sent to the US no duty.

Fomatia has helped companies like TEMU and Shein offer low -prices for goods and promoted their rapid growth in the US Bloomberg reports Both companies have anticipated news for one year and expanded their transport network.

Still, CNBC reports That Trump's actions can help companies including Amazon, Etsy and Ebay because their platforms allow third -party sellers to be directly related to US consumers.

What is the 'de minimis' provision?

Devili's provision has existed since the 1930s, but its use has exploded in recent years with rising e -commerce.

The provision allows packages worth less than $ 800 to be sent to the US without office.

According to the data From the US Customs and Border Protection Agency, the US processed more than 1.3 billion shipments to minimum in 2024 (was only 139 million in 2015) worth More than $ 48 billion.

Last fall, Biden administration seemed to stop “”Use and abuse“From De Mimis, for CNBC, noting that gaps help Chinese companies offer lower prices than state -owned companies.

“The drastic increase in deity de shipments has made it increasingly difficult to target and block illegal or unsafe shipments coming to the US,” said Daleep Singh, a then Deputy National Security Advisor to the international economy, in September.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *