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Why your purchases on Shein, Temu and AliExpress will cost more

The European Union is considering taxing the importation of cheap products. Chinese online platforms Shein, Temu and AliExpress.

In an article published; During the day of Wednesday July 3, 2024, the economic magazine Financial Times reports the idea according to which the European Union is reportedly developing plans to impose tariffs on cheap products purchased on online sales platforms. Chinese. Three platforms would be in the crosshairs and they are Temu, Shein and AliExpress.

Currently, the law imposes a duty-free threshold of 150 euros for online purchases intended for consumers. small gifts or &agrav; personal packages. Which therefore means that purchases from a third country are not subject to customs duties if their price is below 150 euros. In 2023 alone, the European Commission has declared that "two billion parcels worth less than 150 euros arrived in the EU. But this threshold should not take long to reach. be deleted.

In May 2023, the European Commission had already decided discussed of a plan aimed at abolish the limitation of rights. The project would aim à contain the craze of cheap online shopping and could be applied to the rest of the world. all electronic businesses outside the European Union. And it seems that the latter could quickly accelerate and come into force during the month of July. The objective being to counter the wave of imports of cheap products.

If the project came to fruition to succeed, the aid provided to online sales platforms would no longer be relevant. As a result, the company would be obliged to pay additional costs linked to customs duties. These additional costs could almost certainly be passed on to consumers' wallets.

Teilor Stone

By Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116