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CBP collects $1 billion since end of de minimis loophole

In mid-December U.S. Customs and Border Protection (CBP) reported that it has collected more than $1 billion in duties on more than 246 million low-cost shipments since the phasing out the de minimis loophole began May 2, 2025. The phaseout began with low-value shipments from China and Hong Kong no longer being eligible for duty-free [...]

By |2026-01-07T14:20:36-06:00January 1, 2026|

India slashes cotton import duty

The Ministry of Finance of India has announced that there will be no import duty on cotton for the period of April 14, 2022 through September 30, 2022. This news is welcomed by the Indian textile industry, which has been making calls to the government to allow duty-free import of cotton to stay competitive against [...]

By |2022-04-20T11:05:19-05:00April 13, 2022|

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