WASHINGTON, D.C. – National Foreign Trade Council (NFTC) Vice President for International Supply Chain Policy John Pickel today issued a statement following the global suspension of de minimis:
“We are disappointed that the Administration extended the suspension of de minimis from China to the rest of the world. This change will undoubtedly raise prices for consumers and will disproportionately affect low-income Americans just in time for back to school and holiday shopping.
“We look forward to working with Congress and the Administration on customs modernization and supply chain initiatives that will ensure efficient border processing of a wide variety of items, including components, prototypes, and machine parts, that have often been overlooked in the de minimis debate but empower American companies to compete globally.”
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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade, tax, national security and supply chain policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses, who account for over $6 trillion in revenue and employ nearly 6 million people in the United States.
