Biden Admin to Pass Rules Changing Duty-Free Shipping by eCommerce Businesses
Last week, the White House announced its plans to alter trade rules it claimed had been flouted by China-founded e-commerce sites. In a fact sheet, the Biden administration revealed that its proposed regulations targeted the de minimis exception, which permitted imported products to enter the United States without taxes or duties if the aggregate fair retail price of the shipment was $800 or less. The exemption threshold was raised from $200 in 2015 to $800 to help small businesses, including sellers on e-commerce sites such as eBay. The fact sheet noted that total shipments that claimed this exemption during the…