President Trump’s recent tariffs on imports from Canada, Mexico, and China brought attention to significant changes in online purchase taxation, particularly through the elimination of the de minimis exception, which exempted certain imports valued under $800 from tariffs. This change affects over 80% of U.S. e-commerce imports and could drastically alter the market dynamics for vendors like Shein and Temu. The de minimis provision, intended for minor shipments, has also raised concerns about its role in facilitating illegal drug imports, highlighting the complexities of trade regulations in the e-commerce era.
President Trump's new tariffs include a significant change affecting online purchases, eliminating the de minimis exception, impacting over 80% of U.S. e-commerce imports.
The de minimis exception, allowing tax-free imports under $800, has been crucial for companies like Shein and Temu, but critics warn it fuels drug crises.
Collection
[
|
...
]