U.S. Customs and Border Protection has proposed changes to restrict de minimis treatment for low-cost imports, eliminating the exemption for goods valued below $800 that are subject to certain tariffs. This measure, prioritized by the Biden-Harris administration, aims to enhance national security and protect domestic industries, particularly textiles and manufacturing, from unfair competition, particularly from China. The proposal could lead to higher prices for consumers due to increased tariffs, prompting importers to consolidate shipments. Public comments on the proposal will be accepted until March 24.
Source: https://www.supplychaindive.com/news/us-customs-de-minimis-changes-tariffs/737794/