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Biden Admin to Pass Rules Changing Duty-Free Shipping by eCommerce Businesses

Last week, the White House announced its plans to alter trade rules it claimed had been flouted by China-founded e-commerce sites. In a fact sheet, the Biden administration revealed that its proposed regulations targeted the de minimis exception, which permitted imported products to enter the United States without taxes or duties if the aggregate fair retail price of the shipment was $800 or less.

The exemption threshold was…

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NOTE TO INVESTORS: The latest news and updates relating to NextPlat Corp. (NASDAQ: NXPL, NXPLW) are available in the company’s newsroom at https://ibn.fm/NXPL

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