Part 9/11:
The shift to fast fashion has had widespread implications, particularly given the legislative environment surrounding imports in the U.S. The dimminimous exemption, a tax loophole from 1930, allows goods valued under $800 to enter the U.S. without tariffs. Brands that exploit this loophole have gained traction, pushing prices down for imported goods but also complicating competition for domestic producers.
Recent discussions in Congress signal potential changes to this exemption, aiming to foster a more level playing field for American manufacturers. As anticipated tariffs loom on imports from China, consumers may soon face increased prices, potentially scaling back the extraordinary spending boom typical among American consumers.