I am the CEO of a U.S.-based bicycle supplier and retailer that does $250 million in annual sales. The U.S. bike industry is dealing with newly imposed tariffs on products from China, the center of our supply chain, even though we don’t suffer from the unfair trade practices that have been used to justify these sanctions. These additional tariffs are harmful to our companies, our customers, and our prospects for growth.

And the rarely discussed “de minimis exemption,” the maximum value of a shipment of merchandise that may be imported into the U.S. free of duties and sales taxes, is making the destructive tariffs on my industry (and others) even worse. Under the de minimis exemption, foreign manufacturers and retailers are allowed to ship up to $800 of products into the U.S. without paying any duty or sales taxes whatsoever.