An important legislation, which became the basis of the second term of office of President Donald Trump, has passed in the House of Representatives and will now go to his desk for the final signature.
On Thursday afternoon, the last 218 voting for 214 votes and 214 contradicted the draft budget coordination law, which the president and Republicans called “a large, beautiful bill”.
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Representatives Brian Fitzpatrick (R-Penn.) And Thomas Massie (r-ken.) Were the only members of the palace VV to resolve the legislation, which Fiscal Conservatives Freedom Caucus said the Congress budget count would be for deficits.
The future law will soon be extended by the President’s 2017 The Law on Tax Reduction and Workplaces, the end of which was to be completed. Instead, wide tax reduction for individuals and companies will be constantly. It also increases costs for areas such as military defense, energy production and border security, and will remove funding from public health programs such as Medicaid and Extra Aid Nutrition Support Program (Snap) to supplement the GOP agenda.
Although trade was not the main focus of the draft law, Trump’s trade regime, which focused on the use of tariffs and other trading obstacles to what it describes as an unacceptable use of global trading partners, was mentioned over 940 -page text.
The most important is the overall de minimis access to commercial parcel privileges-1930. Section 231 of the Law on Rates, which allows foreign shippers who are given customs duties, access to the US market, worth $ 800 or less.
The President, on May 2, Suspended China and Hong Kong to the minio, effectively choked off a few shipments of cheap clothing products from e -commerce megaphres such as shein and themes to the sights of American consumers. This action, which in May prompted trade in Asia and the US, was essentially regarded as a further regulatory action against the de minimis precursor.
Now around the world, without customs duties to US users, it will face a similar fate, with the exception of De Minimis, which will be completed worldwide, in 2027. June Entrance processesThe administration is expected to provide detailed information later.
The Congress Budget Service estimates that the US government’s revenue can earn $ 39 billion in the US government’s revenue over the next decade, and many country manufacturers and suppliers and domestic manufacturers agree that it will be useful for their essence. The National Council of Textile Organizations (NCTO) and the American Production Alliance (AAM), representing the US supply chain players, praised the president’s collapse for the de minimis reform and required a complete end.
“Today was really significant, and we are very grateful for the palace and the Senate leadership for involving this provision in the bill, and we understand that the president will soon sign,” the NCTO president and CEO Kim Glas said at the Sourcing Journal after adopting a bill.
“We are delighted that Trump’s administration has taken advantage of its executive authorities to apply for de minimis. It codes it into the law, and it is extremely important for the next decades; It will be closed forever, unless the Congress decides to re-siege, and I doubt if there is any political will to open this gloomy origin, “she added.
Glas said that over the years, De Minimis has damaged domestic manufacturers, such as the textile industry, hurt fentanyl families, facilitated illegal and illegal products to the United States and became a black cheap market for things that are low.
Although the inclusion of the De minimis reform in the bill will be a kind of blessing to US manufacturers, Glas admitted that in 2027 The start date “we still have quite a few way”. However, when 28 textile plants have been forced to close in the last 23 months, relief cannot occur quickly enough.
“Last year, de minimis consignments were a total of 1.4 billion individual packaging compared to the previous 1 billion years. So, as long as the gap exists, people are going to use it to get tax free access to the United States market and avoid paying any rates or reciprocity rates, ”Glas said, noting that the administration mentioned the actions to limit the de minimis.
“De minimis has contributed significantly to the economic winds that our industry is facing, as well as our free trade agreement,” added NCTO lead, noting that half of all de minimis parcels in the US are textiles and clothing goods. “Our industry is one of the most global and competitive industries in the world, competing for one of the most uncovered games.”
