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STORY: The end of America’s de minimis tax loophole for low-cost packages is roiling the global air cargo business.That ...
The de minimis rule, which dates to 1938, had been a target of criticism from American lawmakers as a loophole that lets ...
The volume of air cargo shipments from Asia has declined by double digits since the United States cancelled a tax-free ...
The U.S. ended the tax-free exemption for low-value goods from China in early May, leading to a decline in air cargo ...
This 90-day tariff reduction to 30% allows companies like Shein and Temu to restock U.S ... About 50% of air cargo shipments on the China to U.S. route were low-value e-commerce ...
Overall, the agency says de minimis shipments account for 92 percent of all cargo entering the country. Shein said in the 2023 letter to lawmakers that most of its packages enter the US under the ...
Shein and Temu purchases now cost a lot more — unless you're in Europe. ... Customs and Border Protection data shows that de minimis shipments account for more than 90% of all cargo entering the US.
Shein and Temu are among those that have hiked prices. ... More than 90% of cargo enters the U.S. this way, according to the U.S. Customs and Border Protection.
The ACE Air Cargo Event 2025, taking place from 8 to 11 September in Liège, will bring together over 300 delegates and ...
That for now is leaving the likes of China’s Shein and Temu in limbo, and India could be the big winner in the post-tariff fall out at the expense of some Southeast Asian production countries ...
The ACE Air Cargo Event 2025, taking place from 8 to 11 September in Liège, will bring together over 300 delegates and ...
Online shopping giants Temu and Shein saw their sales rebound in March and April as US shoppers stockpiled products like makeup brushes and home appliances before tariff-led price increases set in ...
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