President Donald Trump has delayed his ban on duty-free treatment of low-value shipments from China until border agencies can figure out how to collect ...
Another type of fringe benefit that isn't taxed is a de minimis benefit. This type of benefit has such a minimal value that employers would have a difficult time accounting for it. Among others ...
Feb 5 (Reuters) - U.S. President Donald Trump this week shut a trade loophole that has been used to ship low-value packages duty-free from China, the "de minimis" exemption on import tariffs.
De minimis, a legal term referring to matters of little importance, describes the U.S. waiver of standard customs procedures and tariffs on imported items worth less than $800 that are shipped to ...
US President Donald Trump's recent decision to suspend the 'de minimis exemption' for Chinese imports has drawn attention to a key mechanism in international trade. The move is part of a broader ...
The proposed legislation would require CBP to collect more information about de minimis packages, facilitate the targeting and seizure of illicit goods, and increase penalties for bad actors. While ...