The de minimis exemption is a rule which allowed for certain e-commerce shipments of goods at $800 or less to enter duty-free. The $800 is the threshold amount so to speak, allowing a supposed “loophole” for online retailers – particularly fast fashion from China – to have a stronger presence in the US.
This exemption was removed by the White House last month here. And it looks like even with the trade deal announced today, that’s not going to fall back into place.
This article was written by Justin Low at www.forexlive.com.
