Difference between revisions of "De minimis trade rule"
(Trump halted a trade exemption which allows exporters to ship packages worth less than $800 into the U.S. duty free.) |
(exceptions for China, etc.) |
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| − | The '''de minimis trade rule''' permits imports of less than $800 into the United States to avoid tariff payments. | + | The '''de minimis trade rule''' permits imports of less than $800 into the United States to avoid tariff payments, except (since early 2025) Mexico, China, and Canada. |
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During Trump 47's "first 100 days" he imposed 10% and 25% tariffs on Mexico, China, and Canada. | During Trump 47's "first 100 days" he imposed 10% and 25% tariffs on Mexico, China, and Canada. | ||
The White House said that the purpose of the tariffs is not so much (a) to gain more federal revenue as (b) to change the policy of the affected countries: for one thing, Trump is calling for a crackdown on deadly addictive drugs (specifically [[fentanyl]]). His strategy is to hurt U.S. trading partners enough to make them crack down on smugglers (and on migrants traveling through Mexico). | The White House said that the purpose of the tariffs is not so much (a) to gain more federal revenue as (b) to change the policy of the affected countries: for one thing, Trump is calling for a crackdown on deadly addictive drugs (specifically [[fentanyl]]). His strategy is to hurt U.S. trading partners enough to make them crack down on smugglers (and on migrants traveling through Mexico). | ||
Revision as of 14:33, February 3, 2025
The de minimis trade rule permits imports of less than $800 into the United States to avoid tariff payments, except (since early 2025) Mexico, China, and Canada.
During Trump 47's "first 100 days" he imposed 10% and 25% tariffs on Mexico, China, and Canada. The White House said that the purpose of the tariffs is not so much (a) to gain more federal revenue as (b) to change the policy of the affected countries: for one thing, Trump is calling for a crackdown on deadly addictive drugs (specifically fentanyl). His strategy is to hurt U.S. trading partners enough to make them crack down on smugglers (and on migrants traveling through Mexico).
Opponents argue that the only significant effects will be (1) retaliatory tariffs and (2) higher prices for American consumers.
CNBC reported that:
- Trump on Saturday signed executive orders imposing tariffs on the country’s top three trading partners. Goods imported from Canada and Mexico will be slapped with a 25% tariff, while goods from China will be charged a 10% tax. Energy resources from Canada will have a lower 10% tariff. The duties are expected to take effect on Tuesday.
- The orders against China, Canada and Mexico all halt a trade exemption, known as “de minimis,” which allows exporters to ship packages worth less than $800 into the U.S. duty free. [1]
