Get the latest tech news
De minimis: US small parcels loophole closes pushing up Shein, Temu prices
The de minimis exemption was key to the huge growth of the Chinese online retailers.
The Chinese online retail giants relied on the so-called "de minimis" exemption to sell and ship low-value items directly to the US without having to pay duties or import taxes. However last month, in almost identical statements, the rival companies said they have seen operating expenses rise "due to recent changes in global trade rules and tariffs", adding they will make"price adjustments" from 25 April. The American Action Forum, a right-leaning policy group, estimated last year that getting rid of the exemption would result in "$8bn to $30bn in additional annual costs that would eventually be passed on to consumers".
Or read this on Hacker News
