President Trump, as part of his rollout of sweeping tariffs on Wednesday, also scrapped a shipping workaround for low-cost products from China and Hong Kong, a move that is poised to alter how lots of online purchases are taxed.
What to Know About the De Minimis Rule, a Trade Loophole Trump Scrapped
Source: New York Times |
Author: Danielle Kaye |
Original URL: View Original
President Trump scrapped the de minimis rule, a provision that allowed low-cost goods, like clothing from e-commerce sites, to enter the United States without facing taxes.
Summary
What to Know About the De Minimis Rule, a Trade Loophole Trump Scrapped. President Trump scrapped the de minimis rule, a provision that allowed low-cost goods, like clothing from e-commerce sites, to enter the United States without facing taxes.
