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History and Future of the US De Minimis and Section 321 | Decoding Cross-Border Ecommerce | Ep #41
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Dive into the fascinating history of US de minimis and Section 321 on the Decoding Cross-Border Ecommerce podcast! Hosts Clint Reid, Founder and CEO of Zonos, and Aaron Bezzant, Zonos’ Head of Global Trade Strategy, take you on a journey through pivotal milestones in cross-border trade—from the 1930 Tariff Act to the modern-day $800 threshold.
Uncover how these policies shaped international trade, the debates they sparked, and the impacts on today’s ecommerce landscape. Plus, get insights into current whispers of change, the reasons a shift might be needed, and what the future could hold for de minimis and Section 321. Whether you're a business owner navigating cross-border logistics or just curious about trade history, this episode has insights for you!
Related links:
De minimis guide:
Section 321 blog:
https://zonos.com/blog/section-321?utm_source=youtube&utm_medium=video-link&utm_campaign=podcast
Learn more about Zonos:
https://www.zonos.com/?utm_source=youtube&utm_medium=video-link&utm_campaign=podcast
#DeMinimis #Section321 #Ecommerce #GlobalTrade #BusinessEfficiency #Logistics #DecodingEcommerce #Zonos #podcast #crossBorderEcommerce
[00:00:00] Opening clip
[00:02:07] Intros
[00:04:08] 1930-1965: Section 321, Tariff Act of 1930
[00:09:01] 1966-1978: First major increase
[00:09:54] 1978-1993: Customs Procedural Reform Act
[00:11:26] 1993-2015: Major increase/customs modernization
[00:18:08] 2016-present: Trade Facilitation and Trade Enforcement Act
[00:21:47] Sneak peek at future discussions
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