Newly introduced bipartisan legislation aims to address the widespread use of a 37-year-old customs provision currently being leveraged by importers looking for relief from the weight of President ...

Businesses are finding a workaround to minimize the most significant hit from U.S. tariffs. The "first sale rule" is a concept in U.S. customs law that allows importers to use the lowest cost of a ...

A decades-old piece of legislation is helping many businesses mitigate the worst effects of the tariffs, CNBC reports. Part of U.S. customs law since 1988, the "first sale rule" allows importers to ...

The first sale rule is a significant provision in U.S. customs law, offering importers a strategic advantage when calculating duties on imported goods. This legal concept allows businesses to base ...