Home breadcru News breadcru Policy breadcru  | Proposed de minimis revision in US to curb Chinese textile imports?

Prime Content | 
Proposed de minimis revision in US to curb Chinese textile imports?

25 Feb '24
6 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • The de minimis law, aimed at easing customs procedures for low-value imports, benefits small industries but harms domestic sectors.
  • US, with one of the highest thresholds, faces challenges from Chinese imports exploiting the law.
  • Chinese imports under de minimis threaten domestic firms, prompting calls for policy changes to protect the US textile market.

Rationale for de minimis

Countries set the de minimis value to streamline customs procedures and mitigate the administrative burden and costs associated with assessing and collecting duties on low-value products. However, an overly generous de minimis threshold can potentially disadvantage domestic industries by facilitating excessive imports, granting exporting countries an unfair advantage. Concerned about such implications, US authorities are contemplating legislative measures to address the loopholes associated with de minimis provisions.

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!