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

added a post in International

2025-05-08 10:19:26 -

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.

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