China’s ‘Victoria’s Secret Town’ at risk as US tariff loophole faces closure
Inside Retail
DECEMBER 15, 2024
Under the “de minimis” rule, which seeks to reduce customs paperwork, the United States exempts foreign packages valued at US$800 or under from tariffs as long as they’re shipped to individuals. per cent of gross domestic product. It forecasts that the US eliminating the rule would reduce export growth by 1.3
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