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    Home»Economy & Business»EU to impose €2 tax on low-cost gadgets in blow to Temu and Shein
    Economy & Business

    EU to impose €2 tax on low-cost gadgets in blow to Temu and Shein

    AdminBy AdminMay 20, 2025No Comments1 Min Read
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    EU to impose €2 tax on low-cost items in blow to Temu and Shein
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    Merely signal as much as the EU commerce myFT Digest — delivered on to your inbox.

    The EU plans to levy a flat payment of €2 on billions of small packages coming into the bloc, primarily from China, in a recent blow to on-line retailers equivalent to Temu and Shein.

    Commerce commissioner Maroš Šefčovič advised the European parliament he had proposed a dealing with payment on Tuesday to cope with the challenges of the 4.6bn gadgets yearly imported on to individuals’s properties.

    The European Fee draft proposal, seen by the Monetary Occasions, says the €2 payment will apply to direct gross sales however that gadgets despatched to warehouses shall be taxed at €0.50.

    Among the ensuing revenues would cowl the price of further customs checks, whereas the remaining cash shall be directed to the EU price range.

    Šefčovič has promised to deal with the surge in packages, which he stated had led to a rise in harmful and non-compliant items and complaints by EU retailers of unfair competitors.

    It is a growing story

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