EU taking aim at China’s Temu and Shein with proposed import duty, FT reports

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

The European Commission later this month will suggest scrapping a current €150 (US$161 or RM761) threshold under which items can be bought duty free, the report said.

Under current EU regulations, packages purchased online from a non-EU country are not subject to customs duties if their value is under €150.

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Two billion parcels with a declared value of less than €150 arrived in the EU from outside countries in 2023, according to the commission, which says “the sheer volumes of e-commerce are testing customs’ limits”.

Critics of Shein and Temu in the US have already complained that they use import tax exemption there to undercut rivals and avoid customs inspections of their products.

The practice helps the two

companies offer dresses for as little as US$8 and smart watches for US$25 to shoppers around the world.

Source: The edge malaysia

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