Global 

China-based firms look to obscure tariff loophole to dodge trade war, but US customs is cracking down



Companies manufacturing in China are using a little-known trade rule to dodge tariffs on their exports to the United States and reduce the cost of US President Donald Trump’s trade war.Section 321 of the Tariff Act of 1930 – also known as the de minimis rule – is a legal loophole that allows single shipments not exceeding US$800 in value per individual or company within a 24-hour period to enter the US tariff free.“The de minimis is the green lane of trade,” said Charles Brewer, CEO of DHL e…



Source link

Related posts