BREAKING: The end of the de minimis loophole for China’s goods?
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In this episode of Rethinking Trade:
Did the dangerous de minimis trade loophole finally get closed for goods from China on May 2? Woohoo – tariff-dodging is now forbidden. But the Trump administration’s wavier of a longstanding customs enforcement rule might make the change harder to enforce.
Lori will explain what it means for the import inspectionsneeded to catch fentanyl-laced fake pills and why we now need the administration to publish importer requirements and close down the loophole for imports from other countries.
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