Simon de Raadt and Dayu Yang outline the potential impacts of the proposed changes to the de minimis shipping policy in the U.S. set to affect imports from China. As the Biden-Harris administration targets loopholes for illegal and counterfeit goods, the hosts discuss how legitimate brands can navigate these changes. They also explore lessons from the EU's VAT adjustments and highlight the importance of accurate product declarations and tariffs. Tune in for insights on sustaining cross-border ecommerce amidst policy shifts and strategies for ensuring compliance and operational efficiency.
White House Announcement on de Minimis Shipments: https://www.whitehouse.gov/briefing-room/statements-releases/2024/09/13/fact-sheet-biden-harris-administration-announces-new-actions-to-protect-american-consumers-workers-and-businesses-by-cracking-down-on-de-minimis-shipments-with-unsafe-unfairly-traded-products/
Customs HS/HTS Code Lookup Tools:
https://hts.usitc.gov/search?query=3305
https://hts.usitc.gov/search?query=9903.88.03
You can find show notes and more information by clicking here: https://bit.ly/3NJc1bt
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