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Search Results: keywords:"de minimis treatment"

  • H.R. 1840, titled the “Closing the De Minimis Loophole Act,” proposes changes to the Tariff Act of 1930 to eliminate de minimis treatment, which previously allowed certain small-value shipments to bypass tariffs. The bill specifies different timelines for ending this...

    Simple Explanation

    The bill is about changing a very old rule to make sure small packages from other countries, including China, pay the same kinds of taxes when they come here. This means everyone, even if they send tiny packages, will have to follow the new rules and pay the taxes.

  • The bill titled the “Import Security and Fairness Act” proposes changes to the Tariff Act of 1930 regarding de minimis treatment, which allows certain goods to be imported duty-free. It adds exceptions for products originating from non-market economy countries and those on the priority watch...

    Simple Explanation

    The bill wants to change some rules about how certain things are brought into the United States without paying extra fees. It says that some countries can't use these special rules, and it wants more careful checks to make sure the right information is given when things are being brought in.