I have been reading about how the new administration's tariffs on Canada, Mexico, and China have eliminated a "de minimus" exception on tariffs that has been in effect since 1930. I didn't know the exception existed until I saw the news about its elimination as to those three countries.
The exception allows one person to receive imports of goods valued at less than US$800 each day. I think the exception remains in effect on goods imported from other countries.
The new administration has paused the new tariffs on Canada and Mexico, but I do not know if it has paused the elimination of the de minimus exception as to them, and I assume it is still in effect as to China.
That is the situation as I now understand it, but I urge others to read up on this to see if I've missed anything or misunderstood something.
I buy some kits and other hobby items from China and, as it looks like this may affect them, I am very interested in this subject.
I'm looking forward to a good discussion of this. Some of you will no doubt disappoint me, but that's just life these days.
Art Nicholson
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