Fashion

The de minimis exemption is a ruling in U.S. import law established at the beginning of the 20th century that eliminates duties and taxes for imports below a certain price threshold. Originally, that was just $200, but it was raised to $800 in 2016. The administration said that, in the last 10 years, the number of annual shipments entering the country that were under the set limit increased from 140 million to over 1 billion.