Donald Trump says the U.S. Court of International Trade ruled that the president has the authority to abolish "de minimis" exemptions, which could recover $10.8 billion in tariff revenue annually.
Donald Trump posted on Truth Social that the U.S. Court of International Trade ruled today that the President has the authority to abolish the so-called "de minimis exemption." He pointed out that this exemption previously allowed foreign shippers to send packages worth up to $800 to the U.S. duty-free, becoming a huge loophole for tariff fraud, fentanyl smuggling, and counterfeit goods entering the country. Donald Trump estimated that this exemption alone resulted in a loss of approximately $10.8 billion in tariff revenue for the U.S. in 2024. He stated that importers had filed a lawsuit regarding this, but lost today.
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