EU to impose tariffs on Temu and Shein goods from China – Novinite.com

According to reports, the European Commission is preparing to impose tariffs on cheap goods from ChinaAs reported by the Financial Times, citing internal sources.

Under current regulations, items valued at less than 150 euros may be imported into the USA. EU from non-EU countries duty-free. Goods above this threshold are subject to different tariff rates depending on their category.

Major e-commerce platforms such as You, She inand AliExpress will likely bear the brunt of the upcoming tariffs.

The initiative aims to solve the problem of the influx of cheap products from Chinawhich creates quality and safety concerns. Last year EU A staggering 2.3 billion items worth less than €150 were imported.

China He held the highest position as EUlargest external supplier of goods last year, accounting for 20.5% of all incoming imports.

The proposal, which is part of a broader customs reform introduced in May 2023, focuses on discussions in the Commission on eliminating the duty-free benefit for such goods.

It is worth noting that these tariffs will apply specifically to retailers, which will protect European sellers like Amazon from being directly affected.

While the change is intended to address quality and safety concerns for imported goods, concerns have been raised about the potential burden on customs and the prospect of higher prices for consumers.

The European Commission has not yet officially announced its decision on the matter, which continues to generate debate in economic and regulatory circles.