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The "de minimis" exemption, an obscure trade law provision that has simultaneously fueled and eroded businesses across the globe, officially came to an end on Friday following an executive order by President Donald Trump. For nearly a decade, shipments valued under $800 were allowed to enter the country virtually duty free and with less oversight. Now, they will be tariffed and processed in the same way that larger packages are handled. Read more: cnb.cx/4fZMvfb | CNBC
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The "de minimis" exemption, an obscure trade law provision that has simultaneously fueled and eroded businesses across the globe, officially came to an end on Friday following an executive order by President Donald Trump. For nearly a decade, shipments valued under $800 were allowed to enter the country virtually duty free and with less oversight. Now, they will be tariffed and processed in the same way that larger packages are handled. Read more: cnb.cx/4fZMvfb | CNBC
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