Latest news with #KimGlas
Yahoo
03-07-2025
- Business
- Yahoo
NCTO Urges House Leaders to Preserve Provision Ending De Minimis in Updated Megabill
Senate Republicans advanced the One Big Beautiful Bill act Tuesday afternoon, with Vice President JD Vance casting the tie-breaking vote in favor of the bill. The megabill will now return to the House of Representatives for a vote. Senate members made some changes to the bill—including striking the controversial 10-year moratorium on state AI regulation—which means it now requires a new vote from House leaders. More from Sourcing Journal Trump Announces 'Great Deal of Cooperation' With Vietnam, Lowering Tariff Rate China Warns Nations Not to Sign Trade Deals With US at Its Expense Asia-to-North America Air Cargo Demand Plunges 10.7% After De Minimis Suspension The National Council of Textile Organizations (NCTO) lauded Senate leaders Tuesday for choosing to keep a provision focused on ending de minimis in the bill. The section in question would see the U.S. permanently collapsing the de minimis provision by the middle of 2027. Kim Glas, president and CEO of the NCTO, called on House politicians to keep up the Senate's momentum, noting that doing so 'would help rebalance the playing field for the domestic textile industry.' 'We are urging congressional leaders to ensure inclusion of this critical provision in the final version of the reconciliation bill this week, which would bring us one step closer to marking a significant milestone for the U.S. textile industry and a broad coalition of organizations dedicated to advocating for ending this destructive loophole,' she said in a statement. De minimis has long been used to ship low-value goods into the U.S. without duties, enabling easy access to the U.S. consumer for newer e-commerce players like Shein and Temu. Over time—and, in particular because of the rise of China-founded e-tailers' influence over U.S. consumers' shopping habits in recent years—de minimis has amassed a group of critics that include politicians hailing from both sides of the aisle. Some critics have argued that maintaining de minimis has allowed products made with forced labor to enter the U.S., while others have maintained that it creates an easier pathway for fentanyl to come into the country. Other proponents of de minimis reform, like the Alliance for American Manufacturing (AAM) have previously contended that the provision creates an unfair playing field for U.S. companies and manufacturers. Scott Paul, president of AAM, said in 2024 upon the group's decision to join the Coalition to Close the De Minimis Loophole that legislative reform on de minimis would benefit domestic manufacturers. He kept that sentiment up Tuesday, noting that reform on the provision is overdue. 'The de minimis loophole has long been exploited by trade cheats worldwide to circumvent tariffs and import counterfeit and dangerous goods into the United States. Bafflingly, it is our own law that has granted bad actors like Shein and Temu this outrageous advantage over American manufacturers and workers,' Paul said in a statement. 'However, this action, coupled with the White House's de minimis reform efforts, is a critical step toward a permanent policy. America must end de minimis treatment for imports from all countries now.' The New York Times estimated based on an analysis from the Congressional Budget Office that repealing de minimis could yield $39 billion in savings for the U.S. over the course of 10 years. Earlier this year, President Donald Trump collapsed what many have called a trade 'loophole' for goods entering the U.S. from China, forcing importers to pay applicable taxes on the shipments. That action came as part of Trump's 'Liberation Day' tariff scourge, and while de minimis remains in place for goods inbound from countries other than China, the administration has made its intentions clear: it plans to scrap de minimis for goods inbound from any country once U.S. Customs and Border Protection (CBP) has the means to handle the influx of imports such a move would cause. Republicans have stated they want the 'big, beautiful bill' passed and on Trump's desk for final signature by the time Independence Day comes this week. Glas said the NCTO would also like to see House lawmakers adopt the bill expeditiously, with the de minimis-ending provision intact. 'We are…grateful that the Trump administration has already used executive authorities to end de minimis access for Chinese goods—which represent approximately two-thirds of all de minimis shipments—while also laying the groundwork to close de minimis to commercial shipments from all countries,' Glas said. 'We request that the administration utilize its executive authorities to immediately close this damaging loophole for commercial shipments from all countries in the interim until this legislation ultimately takes effect.'
Fashion United
03-07-2025
- Business
- Fashion United
US Senate garners industry praise for passing bill that could end de minimis loophole
Textile industry leaders have praised the US Senate's decision to pass a budget reconciliation package that could potentially see the permanent end of de minimis for commercial shipments from all countries. The provision, which would end de minimis treatment by July 1, 2027, comes as part of a broader budget bill addressing tax code provisions and spending, among other things. President Donald Trump has requested for the bill to arrive on his desk by July 4. In its current format, the de minimis loophole has allowed low-value imports worth under 800 dollars to enter the US duty-free. In recent years, it has become the centre of trade debates, as textile and retail organisations have criticised the exemption for allowing excessive shipments from other countries to bypass regulations. The loophole had officially closed for Chinese imports to the US in May, however, trade organisations had called for a full halt on the exemption for other countries too, in order to avoid an influx of cheap Chinese goods to enter from third countries. The recent extension has thus been praised by such firms, including the National Council of Textile Organisations (NCTO), the CEO of which, Kim Glas, commended Senate leaders for including the permanent end of de minimis in the bill. Glas stated: 'This provision would help rebalance the playing field for the domestic textile industry, which has seen the closure of 28 plants over the past 23 months. We are urging congressional leaders to ensure inclusion of this critical provision in the final version of the reconciliation bill this week, which would bring us one step closer to marking a significant milestone for the US textile industry and a broad coalition of organisations dedicated to advocating for ending this destructive loophole.'
Yahoo
16-05-2025
- Business
- Yahoo
US textile sector backs proposal to end de minimis for all countries
The US House Ways & Means Committee, the chief tax-writing committee in the House of Representatives, included a provision in the budget reconciliation bill that would eliminate de minimis entry privilege for commercial shipments permanently. According to Section 321 of the Tariff Act of 1930, shipments destined for businesses and consumers in the US with a value below $800 are permitted entry into the country without being subjected to duties and taxes. The provision was terminated for goods from China, including Hong Kong and Macau, as of 2 May, but it remains applicable to imports from other nations. The latest provision 'repeals the de minimis privilege worldwide' effective 1 July 2027. It added that 'this section also increases penalties for violators of Section 321 of the Tariff Act of 1930'. NCTO president and CEO Kim Glas said: 'On behalf of the US textile industry, we would like to commend the House Ways and Means Committee for including an important and critical provision in the broader budget reconciliation bill that would permanently end de minimis access for commercial shipments from all countries, effective 1 July 2027. 'The committee is slated to consider and mark up this legislation today. This significant step by chairman Jason Smith (R-MO), Rep. Greg Murphy (R-NC), and the entire committee validates that the destructive de minimis loophole has harmed US textile manufacturing and impeded the fight against illicit fentanyl trafficking and must be permanently closed.' Data from US customs revealed a surge in de minimis exemption use by over 600%, climbing from around 139m shipments in fiscal year 2015 to over 1bn annually in 2023. In 2024, shipments entering under de minimis reached 1.36bn. The proposed legislation maintains lower de minimis levels for gifts and personal items brought into the US. Additionally, it introduces penalties for misuse of de minimis before this deadline to import goods in violation of US laws, setting fines at $5,000 for initial infractions and $10,000 for subsequent ones. Glas added: 'As the bill makes its way through the legislative process, we strongly support a more aggressive timeline to implement a permanent ban on de minimis globally given its significant harm to manufacturers, retailers, and the fight against fentanyl and other illegal products. Express shippers have already transitioned to processing all Chinese imports through sophisticated logistics systems, demonstrating their ability to comply with the president's executive orders and pivot quickly. 'We recognise the committee's leadership in moving forward with a permanent global solution that will help restore a level playing field for US manufacturers and spur more investment and job growth.' Earlier this month (May), NCTO praised the Trump Administration's termination of de minimis for low-value shipments from China and Hong Kong and called for an extension of this policy to all countries. "US textile sector backs proposal to end de minimis for all countries" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Fibre2Fashion
15-05-2025
- Business
- Fibre2Fashion
US NCTO hails House move to permanently ban de minimis shipments
The US National Council of Textile Organizations (NCTO) recently commended the House Ways and Means Committee for including an important and critical provision in the broader budget reconciliation bill that would permanently end de minimis access for commercial shipments from all countries, effective July 1, 2027. 'This significant step….validates that the destructive de minimis loophole has harmed US textile manufacturing and impeded the fight against illicit fentanyl trafficking and must be permanently closed,' NCTO president and chief executive officer Kim Glas said in a statement. US trade body NCTO has commended the House Ways and Means Committee for including an important and critical provision in the broader budget reconciliation bill that would permanently end de minimis access for commercial shipments from all countries, effective July 1, 2027. “We strongly support a more aggressive timeline to implement a permanent ban on de minimis globally,†it said. 'As the bill makes its way through the legislative process, we strongly support a more aggressive timeline to implement a permanent ban on de minimis globally given its significant harm to manufacturers, retailers, and the fight against fentanyl and other illegal products,' he said. 'Express shippers have already transitioned to processing all Chinese imports through sophisticated logistics systems, demonstrating their ability to comply with the president's executive orders and pivot quickly,' he added. Fibre2Fashion News Desk (DS)
New York Times
02-05-2025
- Business
- New York Times
Temu Stops Shipping Products From China to U.S. Customers
Temu, the Chinese e-commerce platform, has stopped shipping products from China into the United States, a spokesperson for the company said on Friday. Instead, all of its U.S. orders will be shipped from local warehouses in America. The change comes after the Trump administration closed a loophole that allowed products made in China and worth no more than $800 to enter the United States without import fees. The exemption, which President Trump has called a 'big scam' that hurt American small businesses, ended Friday. Temu said last month that it would adjust its prices after Mr. Trump announced his intention to close the loophole, known as the de minimis exemption. Last week, the company started tacking on import charges for U.S. customers who wanted to buy items from China. In some cases, that more than doubled the price of their purchases. In the past few days, some shoppers noticed that many products from China were removed from Temu's site, leaving only items that were shipped from local warehouses. The company said on Friday that pricing for U.S. consumers 'remains unchanged as the platform transitions to a local fulfillment model.' 'Temu has been actively recruiting U.S. sellers to join the platform,' the spokesperson said in a statement. 'The move is designed to help local merchants reach more customers and grow their businesses.' More companies have used the loophole in recent years to ship inexpensive products directly to U.S. customers without having to pay import fees. Some say ending the loophole will hurt U.S. consumers by raising prices as well as companies that had built their businesses around the exemption. Others, including trade groups representing American textile makers, opposed the loophole. Kim Glas, the president of the National Council of Textile Organizations, said the exemption had allowed 'unsafe and illegal Chinese goods' to flood the U.S. market duty-free for years. 'Today's action by the administration is an important step forward to help rebalance the playing field for American manufacturers,' Ms. Glas said in a statement.
