Senator Brown: Calling on the Biden Administration to Close De Minimis Trade Loophole
March 05, 2024
March 05, 2024
WASHINGTON, March 5 -- Sen. Sherrod Brown, D-Ohio, issued the following newsletter on March 4, 2024:
We know what a problem unfair foreign competition is - particularly by countries like China, where companies are always finding new ways to cheat.
One current loophole allows these companies - along with drug traffickers - to evade U.S. taxes, fees, and inspections when packages are worth less than $800. It's known as the "de minimis" loophole.
We know what a problem unfair foreign competition is - particularly by countries like China, where companies are always finding new ways to cheat.
One current loophole allows these companies - along with drug traffickers - to evade U.S. taxes, fees, and inspections when packages are worth less than $800. It's known as the "de minimis" loophole.