The EU’s €3 customs duty? Shein and Temu already built the bypass

Key takeaway: Brussels wanted to curb the flood of cheap Chinese parcels. The Chinese platforms responded by moving their inventory inside the EU, and the unintended consequence may be that they emerge stronger, not weaker. On July 1, the European Union abolished the €150 customs duty exemption that had allowed low-value parcels to cross its borders duty-free, replacing it with a flat €3 charge pe Read full article →