EU takes aim at China’s Temu and Shein with proposed import duty: FT

July 3, 2024 / Brand Post /
EU takes aim at China’s Temu and Shein with proposed import duty: FT


THE European Union is drawing up plans to impose customs duties on cheap goods bought from Chinese online retailers including Temu and Shein, the Financial Times reported on Wednesday, citing three people briefed on the matter.

The European Commission later this month will suggest scrapping a current 150 euros (S$218) threshold under which items can be bought duty free, the report said. REUTERS



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I am an editor for IBW, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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