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16.05 - 14:37
The $67 Billion Tariff Dodge That’s Undermining U.S. Trade Policy
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WASHINGTON—The rule that allows American tourists to bring back souvenirs from overseas duty-free is now being used by companies to avoid billions of dollars in tariffs—and it’s perfectly legal.
Known as the de minimis rule, the exemption has been around for decades, deriving its name from the Latin term for something too small to fuss with.
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