The European Union’s recent elimination of the de minimis exemption for low-value imports has begun to reshape the air cargo market. Just one month into this duty-free tax reform, initial observations
by US Sees Billion-Dollar Duty Increase, Surge in Goods Seizures
The United States has successfully generated an additional one billion dollars in customs duty revenue. This significant increase follows the termination of the ‘de minimis’ exemption, a policy that p