Shein, Chinese economy, European Union, International trade, Global economy, Tax and spending, IPOs, Economics, China, Asia Pacific, Business, Europe, Politics, UK news, World news Business | The Guardian
Brussels move to end tax loophole exploited by China-linked marketplaces could also dent Shein’s planned London listingThe EU is moving forward with plans to impose customs duty on cheap goods in a shift that could hit imports from online retailers and harm a hoped-for London-listing by fast-fashion seller Shein.The potential change comes amid growing disquiet among retailers based in Europe, the UK and US about rising competition from Chinese-linked marketplaces Shein and Temu, which exploit a loophole that excludes low-value items from import duty. Continue reading…
Brussels move to end tax loophole exploited by China-linked marketplaces could also dent Shein’s planned London listing
The EU is moving forward with plans to impose customs duty on cheap goods in a shift that could hit imports from online retailers and harm a hoped-for London-listing by fast-fashion seller Shein.
The potential change comes amid growing disquiet among retailers based in Europe, the UK and US about rising competition from Chinese-linked marketplaces Shein and Temu, which exploit a loophole that excludes low-value items from import duty.
