CPA Testifies at Ways and Means Trade Subcommittee Hearing on De Minimis Loophole

WASHINGTON — The Coalition for a Prosperous America’s (CPA) CEO, Michael Stumo, today testified before the House Ways and Means Subcommittee on Trade in a hearing titled, “Modernizing Customs Policies to Protect American Workers and Secure Supply Chains.” Stumo’s testimony focused on de minimis, an import loophole non-market economies like China exploit to ship hundreds…

The Pleasure Island of Shein

Shein’s Fast Fashion business reminds me of the barker in Pinocchio, (to paraphrase) “Get your tank tops, dress, sweaters, and t-shirts! Buy all you can! Be a glutton! Stuff your bags! Hurry, hurry, hurry, hurry!” Who could imagine that a small order-fulfillment Chinese company with almost no garment manufacturing experience would become the world’s largest…

CBP Released False Government Statistics

Last week, U.S. Customs and Border Protection’s (CBP) Office of Trade released false government statistics. CBP’s Office of Trade stated that the total value of de minimis shipments fell from $67,039,140,875 in CBP’s FY 2020, down to $39,876,651,152 in FY 2021. These numbers are not accurate, and in fact are certainly a gross, material undervaluation,…