Tuesday, 17 December 2024

The De Minimis Rule is a Cornerstone of Small Business Success Globally

©iStock/MTStock Studio
The de minimis rule is a cornerstone of small-business success globally. It allows goods valued under $800 to enter the U.S. with minimal customs paperwork, no need for a broker and streamlined processing.

For small businesses, this simplified process is a lifeline. It makes global trade possible and helps businesses manage their supply chains without excessive regulation and cost. The potential removal de minimis will hurt small businesses and ultimately hurt customers.

The questions also becomes how does the de minimus rule help the SHEIN's and TEMU's of the world?

Read on because there are pros and cons.



from The Global Small Business Blog https://ift.tt/lqVtisT

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