EU targets Chinese imports amid trade talks
Key takeaways
- Brussels has ended a customs exemption for low-value imports from China while agreeing with Beijing to monitor trade flows and improve access to rare earth materials.
- Many of those parcels contain items that European shoppers order from cheap Chinese online shopping platforms such as Temu, Shein and AliExpress.
- New tariffs on low-cost goods from ChinaTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video
Why this matters: an international story with cross-border implications worth tracking.
Brussels has ended a customs exemption for low-value imports from China while agreeing with Beijing to monitor trade flows and improve access to rare earth materials.
https://p.dw.com/p/5GRQc The EU has removed a customs duty exemption called 'de minimis' for parcels arriving from China valued at under €150 ($171)Image: Nikos Pekiaridis/Nur Photo/picture alliance Advertisement Every day, around 16 million small, low-value packages arrive in the EU, 91% of which come from China.
Many of those parcels contain items that European shoppers order from cheap Chinese online shopping platforms such as Temu, Shein and AliExpress. Until now, parcels valued at less than €150 ($171) were exempt from customs duties.