De Minimis Reciprocity Act of 2023

[AI summary unavailable — showing source text] De Minimis Reciprocity Act of 2023 This bill makes various changes to  de minimis treatment of U.S. imports. (Current law allows for imports under a de minimis threshold to enter the United States free of tariffs and taxes with minimal inspection. In 2016, Congress raised this threshold from $200 to $800.) Specifically, the Department of the Treasury must prescribe regulations to establish dollar amount thresholds (which may not exceed $800) for de minimis entries. Treasury must establish a threshold for each country that takes into consideration (1) the dollar amount threshold of that country for de minimis entries from the United States; and (2) any related thresholds of that country, such as a threshold relating to a value-added tax on imports. The bill establishes in the Treasury the Re-shoring and Near-shoring Account. Amounts in this account must be available for facilitating the movement of manufacturing from China to the United States. Treasury must annually publish a list of countries that are not eligible for de minimis treatment. Treasury must establish the conditions for including a country on this list, with specified considerations. Further, t…