Home Business China no longer has a de minimis trade exemption. What is it?

China no longer has a de minimis trade exemption. What is it?

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President Trump has ended the de minimis duty-free exception for China, as part of his imposition of tariffs. The app for Shein, the Chinese-founded discount online retailer, is seen here on a smartphone.

The trade loophole is meant to ease small-scale sales — but critics say it's been abused and gives Chinese firms an unfair advantage.

(Image credit: Justin Sullivan)

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