Daily Market Updates: Trade court upholds the closure of the de minimis loophole

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Trade court upholds the closure of the de minimis loophole

Reported · Written up by our desk · Trade & Tariffs

CNBC Markets reports that a trade court upheld President Donald Trump’s closure of the de minimis exemption, which had previously allowed certain low-value shipments to enter with fewer customs requirements.

The decision was highlighted by Trump in a Truth Social post, calling the outcome a major win.

The ruling keeps in place tighter treatment for eligible shipments that would have qualified under the de minimis rule.

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CNBC MarketsTrade court upholds Trump's closure of 'de minimis' loophole

Global Markets

Trade court upholds the closure of the de minimis loophole

More like this

Sources

Get the close, explained.