Browsing: Duty

For a long time, low-cost shipments originating in China have been arriving in large numbers at European doorsteps, with apparel, accessories, electronics, and household goods bought on Shein, Temu, or AliExpress delivered straight to buyers for only a few euros. This arrangement, which some regard as an intrusion, is now facing serious crackdowns by the…

Add to Google Preferred Sources The European Union’s new €3 flat customs duty on parcels worth €150 or less has caused a 30-40% drop in small parcel imports from China since taking effect on July 1. French customs data shows Temu’s sales volumes fell 50%, AliExpress declined 37%, while Shein proved more resilient with a…

The EU ended the duty exemption for low-value imports worth €150 on July 1, 2026, replacing it with a €3 duty. The measure has already added pressure to a business model built around large volumes of inexpensive cross-border parcels. For ePost Global, however, the first 45 days have not brought a decline in overall volumes.

The Bank of England is to be handed a legal duty to promote innovation in payments and digital money, in the clearest signal yet that ministers want the central bank to move faster on stablecoins.