U.S. Customs and Border Protection (CBP) said Dec. 17 that it has collected more than $1 billion in tariff revenue from low-cost shipments since the de minimis tariff exemption was revoked earlier this year.
In April, President Donald Trump signed an executive order eliminating the de minimis exemption for goods originating from China and Hong Kong. The exemption had allowed duty-free entry into the United States for shipments or parcels valued at less than $800. The change took effect on May 2.





