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The Fire Hose of Chaos: Bye-Bye De Minimis
Episode 618
Published 10 months ago
Description
The US is plugging a loophole in the trade system called "de minimis" which allowed imported goods under $800 to bypass tariffs and traditional customs processes. This system will end on May 2, and these small packages will now face a 90% tariff and $75 minimum fee.
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