What Is the De Minimis Rule? The de minimis rule, derived from a Latin term meaning “trifling” or “of little importance,” was first introduced in the U.S. Tariff Act of 1930. It allows small-value ...

Eliminating de minimis will cost U.S. consumers between $10.9bln and $13bln overall, but the relative cost per person will be higher for lower-income Americans, according to the paper, expected to be ...

A Latin term that’s been little-known outside the world of customs brokers has suddenly become the stuff of headlines. Along ...