CBP backtracks on move to reduce trade under informal entry

U.S. Customs and Border Protection has reversed course on a move that had limited importers’ ability to use a streamlined customs process, quietly making the change as the agency -- and the trade community -- gird for the end of duty-free “de minimis” benefits for China. In early April, shortly after President Trump issued an executive order imposing 10 percent baseline tariffs on goods from most countries -- along with higher rates for many countries, which he has since paused...