What Is the De Minimis Rule? The de minimis rule, derived from a Latin term meaning “trifling” or “of little importance,” was first introduced in the U.S. Tariff Act of 1930. It allows small-value ...
China-based e-commerce platforms built multi-billion dollar businesses by exploiting a customs loophole. That loophole – Section 321 'de minimis' thresholds – is now closed, and with it, the current ...