Capping off the first month of 2025, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 004-2025 (RR No. 4-25), amending the rules on certain de minimis benefits. It increased ...
President Donald Trump has delayed his ban on duty-free treatment of low-value shipments from China until border agencies can ...
Not all retailers are upset by the prospect of that changing, however. While de minimis benefits many small Canadian online sellers, it has also been a massive boon to Chinese e-commerce players ...
The de minimis law promotes trade and lowers barriers to global commerce by expediting the import of low-value items, ...
to revoke the preferential trade status that China has held with the United States for the past two decades and strip it of the tariff and de minimis benefits it has enjoyed as a “most favored ...
Neil Saunders, of GlobalData, said the removal of the de minimis benefit was “potentially very disruptive”, adding that it had “the potential to dampen investor sentiment”. Although the ...
As per data provided by the US Customs and Border Protection, goods worth over $47 billion were shipped into the US after qualifying for the de minimis benefit. This has allowed platforms like ...
Rep. Rosa DeLauro says the Trump administration has retreated from removing a lucrative tariff exemption for low-value ...