Why China's Temu and Shein are Europe's new trade threat...

Why China's Temu and Shein are Europe's new trade threat

Posted

110

US President Trump's move to end duty-free imports has hit Chinese retailers like Temu and Shein, potentially doubling prices for US consumers. These companies may now focus on Europe, exploiting the EU's loophole. However, the EU is considering scrapping this exemption, raising concerns about product safety, VAT fraud, and unfair competition for European businesses.

Read Full Article

Please log in to like, share and comment!

International

Trump warns Putin of 'very severe consequences' if Russian-Ukraine war continues: calls talks with EU a '10/10'; Zelenskyy claims Putin is 'bluffing'

President Trump warned Putin of severe consequences if the Ukraine war doesn't halt after their...

By 0 4

Business

Banking charges: SBI to levy nominal fee on IMPS transfers above Rs 25,000 from August 15, corporate rates from September 8

State Bank of India will levy nominal charges on IMPS fund transfers exceeding Rs 25,000 via...

By 0 13

Business

Debt alarm: US national debt hits record $37 trillion, pace doubles with trillion added every five months

The US national debt has surpassed $37 trillion, exceeding pre-pandemic forecasts due to Covid-19...

By 0 13

International

Kennedy Center Honors recipients 2025: From George Strait to Michael Crawford - who will be awarded by Trump

President Trump has announced his first Kennedy Center Honors recipients, including George Strait...

By 0 20

Entertainment

Aamir Khan feels THIS actor can play Bhuvan in Lagaan remake

Aamir Khan humorously expressed reluctance to let anyone else play Bhuvan if Lagaan were remade....

By 0 23