EU plans €2 fee on small parcels in hit to Shein and Temu
Summary
The European Union plans to introduce a €2 fee on small parcels delivered to homes, mostly affecting packages from companies like Shein and Temu in China. This fee will apply to parcels valued under €150 and aims to cover customs costs and contribute to the EU budget.Key Facts
- The EU proposes a €2 fee on small packages sent directly to homes.
- This fee targets packages mostly from China.
- Parcels worth less than €150 are currently customs-free but will be affected by this fee.
- The fee aims to manage customs workload and maintain safety standards for goods.
- The EU handled 4.6 billion small parcels last year, with over 90% from China.
- Packages sent to warehouses will have a lower fee of €0.50.
- The EU aims to generate revenue from the fee for the EU budget.
- Shein and Temu have numerous users in the EU and may need to adjust to these changes.
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