The Business Times
business-time-50

EU takes aim at China’s Temu and Shein with proposed import duty: FT

google-preferred-sourceAdd BT as a preferred source
Published Wed, Jul 3, 2024 · 12:44 PM
    • The European Commission later this month will suggest scrapping a current 150 euros (S$218) threshold under which items can be bought duty free, the FT report said.
    • The European Commission later this month will suggest scrapping a current 150 euros (S$218) threshold under which items can be bought duty free, the FT report said. PHOTO: REUTERS

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    THE European Union is drawing up plans to impose customs duties on cheap goods bought from Chinese online retailers including Temu and Shein, the Financial Times reported on Wednesday, citing three people briefed on the matter.

    The European Commission later this month will suggest scrapping a current 150 euros (S$218) threshold under which items can be bought duty free, the report said. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    European UnionSheinTemuTaxes

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Changi Airport has now seen several European airlines add new direct flights to the city-state amid higher passenger demand.

    S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope

    While residential property has delivered solid gains, observers say other assets such as equities often outpace it over the longer term.

    Higher costs, lower returns: Why are Singaporeans still betting on real estate?

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More