EU Probe Against Shein Advances, Violations to Be Detailed Soon, Bloomberg Reports

EU probe against Shein advances, violations to be detailed soon, Bloomberg reports

(Reuters) -The European Union will escalate a probe against fast-fashion retailer Shein as early as next week by detailing alleged violations of product safety and other consumer laws that could lead to fines, Bloomberg News reported on Friday, citing people familiar with the matter. The issuing of the so-called common position by the European Commission and national agencies would be the next step in the European consumer protection probe into …

Commission proposes two euro fee and abolition of the duty-free ceiling.

Shein is in the sights of European authorities

In today's Express Economy: the Portuguese oil beats new record of exports and the textile sector calls for more difficult rates against platforms such as Shein. We analyze the quarterly results of the Boxa and Sonae, and the Minister of Finance refuses to sell New Bank to Spain. We also look at the United States, where Trump passed the first budgetary test, and to the BYD, which runs over the Tesla in electricity sales in Europe.

Portuguese demand €20 fee for purchase from Temu and Shein

Industry associations in Portugal are advocating that the EU apply a tax of €20 per order made to Chinese e-commerce platforms, instead of the two euros that have been reported.

The textile and clothing associations say that a two-euro charge for orders from China is not enough and they defend a minimum price of 20 euros for low-value purchases.