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This is exactly why we should change the De minimus rule back to what it was at $200 vs $800 it was changed to!!! Why China hopes the US won’t touch a century-old trade rule affecting imports under US$800 | South China Morning Post Wow! SCMP says China de minimis exports were $258B in 2023 (per China trade data, it seems). Total imports from China per Census were $393B for Jan-Nov 2023. @Brad_Setser De minimis imports don't show up in US trade data. scmp.com/news/china/article/… Excerpt:  “ 'Foreign trade [restrictions], gloomy as it is overall, actually has little impact on cross-border e-commerce,' Wang said, noting the US was the leading destination for these parcels 'by a large margin'."🤥🤥🤥🤥🤥 "China’s e-commerce exports have “become a new foreign trade format with the fastestdevelopment speed, the greatest potential and the strongest driving effect”, the CommunistParty mouthpiece People’s Daily said in an article on Monday.”   scmp.com/news/china/article/…

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