Trump Seen Blocking the ‘De Minimis’ Trade Loophole With China

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Trump Seen Blocking the ‘De Minimis’ Trade Loophole With China - Asia Financial

Quick Summary:

Trump noted on his first day in office the de minimis law, which allows over a billion products to be mailed to the US every year, is unlikely to survive for long

The post Trump Seen Blocking the ‘De Minimis’ Trade Loophole With China appeared first on Asia Financial.

The two most contentious aspects of the law are that it fuels the huge trade imbalances the US has with China and other trading partners, and it opens the door to parcels of the synthetic opioid fentanyl.