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How Trump's closing of a tariff loophole cuuld cost US shoppers more
Yahoo Financeยท 2025-09-07 21:00
The dimminimous exemption, which allowed packages worth less than $800 to enter the US without paying import taxes, is no more. It was first put in place back in 1938 under section 321 of the Tariff Act. This was designed to save the government time and money on small shipments.Over the years, Congress raised the threshold multiple times, eventually landing at $800. And as online shopping took off, the number of dimminimous packages did as well, rising from 153 million in 2015 to 1.4% billion in 2024. Now, ...