Jul 04, 2024 12:40:00EU considers scrapping duty-free quota to impose import tariffs on Chinese SHEIN, Temu, and AliExpressIt has become clear that the European Union (EU) is considering abolishing the existing standard of 'exemption from tariffs on imports below 150 euros (26,000 yen)' in order to impose tariffs on products of Chinese petit pla brands SHEIN and Temu. The '€150 threshold for exemptions from import duties' essentially only applies to online retailers that ship products directly to customers from outside the EU. Since 2021, parcels sent to EU consumers have paid VAT regardless of the amount, but there are also exemptions from tax. However, abolishing the duty-free quotas would increase the workload of already overworked customs officials, so 'it will be difficult to get EU countries to agree,' another source said. SHEIN also commented that it 'fully supports' the abolition of the tax exemption.

Source: The Guardian July 04, 2024 05:34 UTC