Tag: Section 321 de minimis
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In October 2025, Etsy CEO Josh Silverman announced his resignation after seven years leading one of America’s most beloved e-commerce platforms. His departure, framed as a generational handoff to longtime executive Kruti Patel Goyal, came amid earnings beats and investor optimism. But beneath the surface, Etsy is facing a structural unraveling one triggered not by…
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Author: Maria Pechurina, Director of International Trade @ Peacock Tariff Consulting China is thriving. In recent months, its exports surged despite ongoing US tariff chaos and the decline of US-bound exports by 27%. In September 2025 alone, China’s exports climbed 8.3% year-on-year, reaching a seven-month high of $328.6 billion, even as shipments to the US…
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A Global Power Shift in Motion The year 2025 marks a pivotal moment in the evolution of global commerce. The United States, once the undisputed leader in international trade, has triggered a dramatic reordering of supply chains by imposing sweeping tariffs on Chinese imports. The elimination of the de minimis exemption previously allowing goods under…
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Author: Maria Pechurina, MA, Director of International Trade @ Peacock Tariff Consulting Introduction Last year, over 4 million packages entered the United States under the De Minimis exemption, with a trade value of roughly 1 billion USD. Just a decade ago, that figure stood at 140 million USD, a staggering increase tied mainly to e-commerce and…
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Author: Maria Pechurina, MA, Director of International Trade @ Peacock Tariff Consulting Executive Summary: De minimis is widely criticized as a “trade loophole” that lets goods enter duty-free, even if tariffs (e.g., 145% import tariff against China) or national security duties apply. CBP says the exemption is “built on a false premise that low value means…
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U.S. Trade Policy Overhaul: Tariffs on Brazil and South Korea, and the End of De Minimis The United States has initiated a sweeping transformation of its trade policy under President Donald Trump, marking a decisive pivot toward economic nationalism and protectionism. This shift includes the imposition of steep tariffs on Brazil and South Korea two…
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President Trump has instructed his administration to begin sending formal letters to over 100 trading partners starting July 4. Each letter will specify the tariff rate ranging from 10–20% up to 60–70% that the recipient country will face on all imports into the United States effective August 1. Rather than negotiate dozens of bilateral deals,…
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United States Tariff Adjustments On May 19, 2025, the U.S. government reaffirmed several tariff policies and introduced new measures affecting imports from various countries. Retail Price Impact Trade War Effects Ontario’s Budget Response Canada’s Tariff Adjustments Canada reaffirmed its preferential tariff treatments for countries with free trade agreements, including the USMCA and CPTPP. Grocery Price…
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Global Trade Landscape Tariffs are reshaping global trade, forcing businesses to rethink supply chains, pricing strategies, and market expansion. The latest developments include: Key Upcoming Tariff Dates Several critical dates are approaching that could further impact trade: Industry-Specific Responses Automotive Industry Aerospace Sector Agriculture & Food Processing Manufacturing & Energy Small Business Strategies Amid Tariffs…