EU plan to impose import duty on cheap goods could dent Shein and Temu

Brussels move to end tax loophole exploited by China-linked marketplaces could also hit Shein’s planned London listing

The EU is moving forward with plans to impose customs duty on cheap goods in a shift that could hit imports from online retailers and harm a hoped-for London listing by the fast-fashion seller Shein.

The potential change comes amid growing disquiet among retailers based in mainland Europe, the UK and the US about rising competition from Chinese-linked marketplaces Shein and Temu, which exploit a loophole that excludes low-value items from import duty.

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from Fashion | The Guardian https://ift.tt/kC5XpHu
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