ieepa

Trump to Suspend De Minimis Exception Aug. 29

President Trump on July 30 issued an executive order suspending commercial de minimis entries from all countries as of Aug. 29. Trump said he is taking this action under the International Emergency Economic Powers Act, or IEEPA, to prevent evasion of the “reciprocal” tariffs he imposed in response to a declared national emergency regarding U.S. trade deficits. The de minimis exemption allows informal, duty-free entry of articles that have a retail value ... [+]