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The European Union plans to take action against illegal and dangerous products sold on retail marketplaces like Temu, Shein, and Amazon Marketplace. The amount of low-value packages imported by ...
Customs reforms would oblige online platforms to provide data before goods arrive in the EU, allowing officials to better control and inspect packages, according to a draft proposal seen by FT.
(Reuters) -Fast-fashion company Shein is set to face scrutiny under the EU's rules framed to clamp down on harmful and illegal content online, Bloomberg News reported on Friday citing people ...
In December 2023, Temu sued Shein again, alleging illegal interference with its suppliers. [ 17 ] In February 2024, Temu issues a counterclaim in the London High Court, accusing Shein of breaking British competition law by tying suppliers of fast-fashion products to exclusive agreements, a claim it values at 4.2 million pounds ($5.5 million ...
Now that Shein and Temu are on the hook for existing duties they once bypassed, plus the new 10% tariff imposed by Mr. Trump, and potentially taxes collected by customs authorities, those added ...
The OECD estimated that counterfeit goods accounted for around $464 billion, or approximately 2.5% of global trade in 2019. [3] That estimate did not include either domestically produced and consumed products or digital products sold on the internet. [3] [15] That estimate rose from 1.8% of world trade in 2007. The OECD concluded that despite ...
The de minimis exemption refers to Section 321 of the Tariff Act of 1930 and allows the Secretary of the Treasury to waive some duties or fees where it is more inconvenient to collect the tax than ...
Then there’s Shein, the online fashion retailer that is ringing up more than $30 billion in annual sales, which is more than its 80-year-old rival H&M, and which could soon surpass the annual ...