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. In 2014, he started selling overseas to escape price wars in the Chinese market. “The United States is just one country.
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