EU could target ultra low-cost e-tailers like Shein and Temu with package handling fee or import tax

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TechCrunch 16h ago

EU could target ultra low-cost e-tailers like Shein and Temu with package handling fee or import tax - TechCrunch

Quick Summary:

The European Union is drowning under cheap packages coming from Asian online retailers, starting with ultra low-cost e-tailers AliExpress, Shein and Temu.

The Financial Times has learned that the EU is considering a crackdown on such imported goods due to safety and counterfeiting concerns.

Taking this sort of approach could be one way for the bloc to try to enforce it’s safety standards on ultra cheap goods that are made and shipped directly from China — by making it more expensive for importers to pile ’em high and sell ’em cheap.Cyber Monday: $49.7B spent online globally, Cyber ‘Week’ totalled $314.