CPA Applauds President Trump for Closing De Minimis Loophole to Chinese Imports
President Trump’s action to close the de minimis loophole for China is a monumental victory for American workers, manufacturers, and national security.
President Trump’s action to close the de minimis loophole for China is a monumental victory for American workers, manufacturers, and national security.
Members of the House Ways and Means Committee gave U.S. Trade Representative Jamieson Greer a piece of their mind on Wednesday during a four-and-a-half-hour hearing—double the time he spent with the Senate Finance Committee the day before.
For years, the de minimis loophole has flooded the U.S. with uninspected, untaxed, and often dangerous goods—from counterfeit products to fentanyl precursors fueling America’s opioid crisis.
Jamieson Greer seems certain to be approved as the next United States Trade Representative (USTR), but the Democrats on the Senate Finance Committee proved once again that they are anti-tariff—unless the target is China.
As of today, all merchandise originating in China must enter the United States through standard customs procedures, submit full import documentation, and pay applicable duties and taxes—a long-overdue reform to restore order and accountability to America’s trade system.
On day one of the new administration, rather than any new tariffs, President Trump issued a Presidential Memorandum titled America First Trade Policy.
These programs, which allow foreign e-commerce vendors to bypass U.S. customs processes, will continue to ensure that the de minimis loophole remains a flawed system that undermines American workers, businesses, and national security.
A mostly Democratic Party panel of members of the Joint Economic Committee (JEC) held a hearing on tariffs on Wednesday, where the room was heavily weighted against incoming president Trump’s 10% (or 20%) universal tariff proposal.
While the bill’s title suggests a crackdown on the unfolding de minimis catastrophe, in reality it would handcuff CBP’s ability to do anything about it.
For Mr. Lutnick to lead the tariff and trade agenda in the next Administration, he will need an aligned Treasury Secretary to executive critical policies on customs revenue generation, customs valuation, and de minimis.