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submitted 1 week ago by girlfreddy@lemmy.ca to c/world@lemmy.world

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.

In the EU, the threshold for the levy is €150 (£127) and in the UK it is £135, enabling retailers such as Shein to ship products directly from overseas to shoppers in those markets without paying any import duty. In the UK, items valued at £39 or less also do not attract import VAT.

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[-] TheGalacticVoid@lemm.ee 4 points 1 week ago

I hope this doesn't spread to the US as although it'll stop Temu and Shein, it'll also probably make niche goods and hobbyist parts more expensive. I really don't want to pay the Amazon tax if I can find the same thing on Aliexpress, and a duty would just shorten that gap.

this post was submitted on 03 Jul 2024
98 points (100.0% liked)

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