WASHINGTON—The rule that allows American tourists to bring back souvenirs from overseas duty-free is now being used by companies to avoid billions of dollars in tariffs—and it’s perfectly legal.

Known as the de minimis rule, the exemption has been around for decades, deriving its name from the Latin term for something too small to fuss with.

To Read the Full Story

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Services Come With a Smile, but Economy Could Be Frowning

Markets Heard on the Street Weak manufacturing alone could be enough to…

Politics Isn’t Janet Yellen’s Forte, but It’s What She’s In for Now

When she led President Clinton’s Council of Economic Advisers in the late…

Map: State mask mandates are trickling back

Throughout the summer, many statewide mask mandates have expired, causing some cities…

California police seek suspect in hit-and-run that killed 2 young brothers

ANTIOCH, Calif. — Authorities in a California community are seeking a suspect…