Legal

Brussels to close tax loopholes exploited by Chinese marketplaces

By 2024-07-04T11:39:00

Photo by Guillaume Périgois on Unsplash

The European Union’s plan to impose import duties on low-priced goods could significantly impact fast-fashion giants Shein and Temu. Both companies, known for offering trendy clothing at rock-bottom prices, could face major challenges if the proposed tariffs come into force.

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