The $67 billion tariff dodge that’s undermining US trade policy
It has boosted e-commerce and kept costs lower for consumers. The de minimis rule, which exempts American tourists from duties on small purchases made abroad, has become a lucrative strategy for big retailers. The exemption has been around for decades and was largely untracked by customs but is now valued at around $67 billion. Josh Zumbrun investigates.
From The Wall Street Journal