Industry associations from the Chinese mainland and the government of Hong Kong Special Administration Region (HKSAR) have strongly opposed the US decision to eliminate the tax exemption for low-value ...
An executive order the president signed Wednesday will eliminate the “de minimis provision” for goods from China and Hong ...
Chinese online retailers such as Temu and Shein had been taking advantage of a little-known tax exemption, known as the de minimis provision, to sell their products at very low prices in the US.
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