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EU plan to impose import duty on cheap goods could dent Shein and Temu
Brussels move to end tax loophole exploited by China-linked marketplaces could also hit Shein’s planned London listing
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. Photograph: Dado Ruvić/ReutersSome countries impose import duties of up to 30%, he said, and having to pay that would force Shein to either completely change its business model, put up prices or take a hit on profit.
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