Wednesday, 3 July, 2024

EU Proposes Import Duty Targeting China's Temu And Shein

The European Union plans to impose an import duty on Chinese e-commerce giants Temu and Shein. This move aims to level the playing field for European retailers by addressing the competitive pricing advantage enjoyed by these companies. The proposed duty is part of broader efforts to ensure fair competition and protect local businesses from the influx of low-cost goods from China.