Federalist-
President Trump’s recent executive order imposing tariffs on China, Canada, and Mexico included the suspension of a trade loophole. Although the suspension primarily targets low-value imports, its implications are wider than many might realize.
At the heart of this issue is the de minimis provision, which originates from Section 321 of the Tariff Act of 1930. This provision was initially designed to prevent the government from incurring excessive costs and hassles for small imports made by individuals in a single day, as long as the fair retail value of those imports did not exceed $1. Over the years, Congress has raised this threshold multiple times, and it currently stands at $800, making it the most generous de minimis exemption in the world. In contrast, Canada’s de minimis exemption is capped at only $15.
In recent years, numerous foreign companies, particularly those in China, have capitalized on America’s overly generous de minimis threshold amid the e-commerce boom. This exploitation has led to a significant increase in both the volume and value of imports that are exempt from tariffs due to this provision. more
SO MANY GLOBALIST THIEVES COMING FOR AMERICA’S DEEP POCKETS, FOR DECADES
WE KNEW THIS, AND THE SWAMP SAID FUCK YOU
WE FINALLY HAVE THE TRUE BIG BALLS ON THE WARPATH AND IT’S ORGASMIC
“RUN, YOU CUR, AND TELL THE OTHER CURS I’M COMING, AND HELL’S COMING WITH ME!!!”
– WYATT EARP, TUCSON TRAIN STATION
slightly off topic,but what happened to Trump announcing 200 names of people being investigated over their wealth accumulation?
Sorry about this all you TEMU customers.
Another hidden cost to the US is shipping. Buy international treaty, the shipping charges are received by the sending country. So China can charge an online retailer anything, (usually next to nothing), and once the package reaches the US, the post office has to deliver it. But the USPS gets nothing from China for the costs of mail routing and delivery once it reaches US shores.
Disney again.
There is a slave camp next to Disneyland China, the prisoners are forced to work at Disneyland. Not a joke.