de minimis

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End of 'de Minimis' Saw Postal Traffic to US Plunge 81%

White House ended exemption on low-value parcels, and UN postal agency says it had a big effect

(Newser) - Postal traffic into the United States plunged by more than 80% after the Trump administration ended a tariff exemption for low-cost imports, according to the UN postal agency. The Universal Postal Union says it has started rolling out new measures that can help postal operators around the world calculate and...

A Massive Trade Loophole Just Closed

No more tariff, customs exemptions for shipments to the US under $800

(Newser) - More than 1.36 billion packages entered the US under the "de minimis" trade exemption last year, around 4 million a day or 43 per second, but that loophole for shipments worth under $800 has now closed. At 12:01am on Friday, Customs and Border Protection began collecting duties...

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