Tariffs and the De Minimis Loophole
“Congress in 2015 then raised the de minimis threshold from $200 to $800. However, the e-commerce world exploded, and Chinese companies began using the de minimis loophole to ship cheap goods (ex. Temu and Shein) into the USA direct to consumers without paying any customs duty.
It was reported last year that the U.S. was on track to receive a billion packages through the de minimis loophole that aren’t taxed and don’t have customs slips saying what they are. Making matters worse, illegal items are slipping through the cracks, including, knockoffs, unsafe items and even chemicals used to make fentanyl. The worst abuser that exploits this de minimis loophole is, by far, China.”
“Put it all together and President Trump is executing an Emergency Act executive order, plus the imposition of a tariff review, and simultaneous interception of de minimis packages previously unchecked as the enforcement mechanism. All executed by the External Revenue Service.
President Trump has got them surrounded, and the scope of it has the media so overwhelmed they cannot quite put it together.”
“LionTigerBear
February 2, 2025 3:07 am
If Elvis had Isaac Newton’s brain, Adam Smith’s understanding of economics, Sun Tzu’s grasp of the art of war and Nik Wallenda’s fearlessness, then each of his rallies would be attended by hundreds of thousands of adoring fans all over the country, he would be respected and feared all over the world and he would turn America into Graceland!
I think that’s who we have as our President!”
LOL…and True
So many details it’s astounding