Simon Property Group: Elimination of De Minimis Exemption Provides ‘Material Benefit' to US Retailers
The Trump administration’s elimination of the de minimis exemption will be great for American retailers, Simon Property Group Chairman, CEO and President David Simon said Monday (May 12).The de minimis exemption, which was a longstanding rule that allowed packages worth less than $800 to enter the U.S. without paying a tariff, was commonly used by Chinese eCommerce retailers to sell goods at lower prices by shipping them directly to consumers in the U.S.The rule hurt retailers that were not able to avoid pa ...