On the recordFebruary 16, 2023
The idea behind the update was to reduce trade barriers and allow more low-value items to be imported into the country duty-free.
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congress.govThe idea behind the update was to reduce trade barriers and allow more low-value items to be imported into the country duty-free.
Thune explains the purpose of updating the de minimis threshold for imports.
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I’m a realist. I don’t ever try and sugarcoat things. I think it’s a competitive environment right now.
There’s some states that are going to be on the hook for a pretty big payment.
There's been enough uncertainty this last year, and, you know, unfortunately, I think through two government shutdowns that extended for a long period of time, it's better for everybody if there's predictability, certainty.