Two Minutes in Trade - Section 321 Legislation May Spell Big Changes for E-Commerce
he U.S. Congress has entered into conference on the USICA/COMPETES China competition bill, which will include a negotiation regarding a House-proposed amendment to the customs administrative exemption – AKA Section 321. While some raise concerns that Section 321 has become a conduit for contraband, counterfeit and tariff-evading goods, others caution that changing Section 321 could have unintended consequences for U.S. small business who rely on low-value, e-commerce-based imports to satisfy U.S. consumer demand.