EU Sees Six Billion Reasons for New Levy on Online Shoppers
7 Articles
7 Articles
Consumers of platforms such as Shein, Temu or AliExpress will pay a European Union surcharge as of 1 July. This is a three-euro tariff for products from non-EU countries (such as China, the United Kingdom or the United States).This fee could be increased from November and will be applied on a temporary basis until the tariff reform foreseen for 2028 enters into force.The surcharge will be applied by product category, not by order.This means that…
Europe Sees 6 Billion Reasons for New Levy on Online Shoppers
Bargain-hunting consumers across the European Union will start feeling the pinch of higher online shopping costs next week when a new levy primarily targeting China comes into force, adding a layer of trade friction between the two economies.
The EU is putting pressure on Asian online shops, so that customers have to adapt to changes much faster, especially in their wallets.
Online trading platforms such as Shein, Temu or AliExpress have changed the way they buy: they have turned savings into the main digital consumption engine, with millions of users looking for minimum prices beyond the borders of the European Union. But things will change in a matter of days. Consumers of these platforms face a new surcharge in the European Union as of July 1. It is a fixed tariff of 3 euros that will be applied per product categ…
Chinese platforms like Shein, Temu and AliExpress, which have gained enormous popularity for their low prices, will face the entry into force of a new tariff...
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