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US Court Rules Trump Has Authority to Levy Duties on Goods Under $800, Collecting Over $1 Billion Last Year

The U.S. Court of International Trade ruled that the Trump administration may invoke IEEPA to suspend the "de minimis exemption" for goods valued under $800, providing significant judicial…

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The U.S. Court of International Trade ruled that the Trump administration may invoke IEEPA to suspend the "de minimis exemption" for goods valued under $800, providing significant judicial support for its trade agenda. The court drew a clear distinction between "eliminating an existing exemption" and "imposing new tariffs," also drawing a new line on the boundaries of presidential authority under IEEPA.

Original: https://wallstreetcn.com/articles/3779460

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