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Trump ends de minimis rule
| ''"'''"''"''''"'' | 09/02/25 |
| ''"'''"''"''''"'' | 09/02/25 |
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Date: September 2nd, 2025 11:06 PM Author: ''"'''"''"''''"'' https://www.newsweek.com/lower-income-americans-warning-trump-de-minimis-2122766 (http://www.autoadmit.com/thread.php?thread_id=5769198&forum_id=2most#49232407) |
Date: September 2nd, 2025 11:06 PM Author: ''"'''"''"''''"'' According to a 2024 National Bureau of Economic Research paper, eliminating de minimis could reduce consumer welfare by up to $13 billion each year, with lower-income households feeling the greatest impact.
The research found that the de minimis rule is a "pro-poor trade policy," but its elimination flips it "from pro-poor to pro-rich."
Shipments to the lowest-income zip codes face an average tariff of just 0.5 percent, compared with 1.5 percent for the wealthiest areas, the research says. In scrapping the rule, that balance flips, with tariffs for low-income communities projected jump to nearly 12 percent, while wealthier areas would see an increase of about 6.5 percent.
On top of that, every package would be charged an administrative fee, a cost that the research says would fall hardest on low-income households since they make more use of de minimis shipments. |