Retail panic: What the end of the ‘de minimis’ exemption means for brands across the globe
By Gabrielle Fonrouge, Melissa Repko and Annie Palmer, CNBC
The de minimis exemption, an obscure trade law provision that has simultaneously fueled and eroded businesses across the globe, officially came to an end on Friday following an executive order by President Donald Trump.
For nearly a decade, shipments valued under $800 were allowed to enter the country virtually duty-free and with less oversight. Now, those shipments from the likes of Tapestry, Lululemon and just about any other retailer with an online presence will be tariffed and processed in the same way that larger packages are handled.
