Daily Newsletter

05 June 2024

Daily Newsletter

05 June 2024

Concerns de minimis loophole crackdown will hurt poorest consumers

A new study from economists at Yale and UCLA suggests removing the de minimis exemption on US imports would disproportionately impact low-income families as Customs and Border Protection announces tougher enforcement of the rules.

Rachel Lawler June 05 2024

The study’s authors estimated removing the de minimis exemption would cost US consumers and businesses $10.6bn, or $33 per person. Credit: Shutterstock

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