Senate bill would lower de minimis limit, exclude China from benefits
Two senators this week introduced a bill that would direct the Treasury Department to adjust de minimis import levels to match those of U.S. trading partners, reducing the amount of goods that enter the country duty-free and keeping China and Russia from benefiting entirely. Senate Finance Committee member Bill Cassidy (R-LA) and Sen. Tammy Baldwin (D-WI) on Wednesday introduced the “ De Minimis Reciprocity Act of 2023 .” It would “bar Chinese exports from entry via the expedited ‘de minimis’...