Trade court upholds Trump’s closure of ‘de minimis’ loophole
| A federal trade court on Thursday upheld President Donald Trump‘s elimination of the “de minimis” exemption, which allowed goods valued under $800 to be imported to the U.S. tax free. Trump, a major proponent of tariffs and other forms of protectionism, celebrated the continued closure of the loophole, which he claims has cost the U.S. billions of dollars in uncollected import-tax revenue. Read More |