Cettire investors on alert after White House targets duties threshold
The Biden-Harris administration has called on Congress to pass legislation that would reduce duty-free thresholds for imports into the US and curb alleged abuse by Chinese online retailers. Some analysts fear it could ensnare platforms like Cettire if implemented to the fullest extent.
The White House on Friday said it was targeting “the significant increased abuse of the de minimis exemption”, eyeing Chinese e-commerce platforms. A so-called de minimis exemption allows apparel into the US market without attracting duties if the aggregate fair retail value is $US800 ($1193) or less.
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