Shopify Champions "Open Trade" Amidst Trump's De Minimis Rule Delay
Shopify advocates for open trade and the de minimis rule
Matilda
Shopify Champions "Open Trade" Amidst Trump's De Minimis Rule Delay
The global landscape of e-commerce is intricately woven with the threads of international trade policies. For businesses, especially small and medium-sized enterprises (SMEs), these policies can be the difference between thriving in a global marketplace and struggling to stay afloat. Recently, the spotlight has been cast upon the "de minimis" rule, a provision that allows low-value goods to cross international borders without incurring taxes or duties. This rule, often overlooked, plays a critical role in facilitating cross-border e-commerce, particularly for smaller businesses. As the Trump administration grapples with the complexities of this rule, e-commerce giants like Shopify are stepping forward to champion the cause of "open trade" and underscore the importance of the de minimis provision for small businesses worldwide. The de minimis rule, a relic of trade policy dating back to 1930, has quietly become a cornerstone of modern e-commerce. By exempting low…
