De minimis elimination signed into law
by American Sportfishing Association 7 Jul 21:05 BST
De minimis elimination signed into law © American Sportfishing Association
Last week, President Trump signed the One Big Beautiful Bill Act into law, codifying the elimination of de minimis beginning in 2027.
This industry priority will level the playing field for U.S. manufacturers and support fisheries conservation efforts.
The de minimis threshold allows imported goods valued under $800 to enter the United States duty-free and also permits overseas manufacturers to evade paying the federal excise tax on sportfishing equipment, a critical funding source for fisheries conservation and public access. To fully address the problem of foreign manufacturers avoiding the excise tax, Congress must also pass the Sporting Goods Excise Tax Modernization Act.
ASA applauds the President and Congress for securing this provision in the final bill.