EU Proposal Threatens Shein and Temu with Import Duties

EU Proposal to Impose Import Duties

The European Union is considering imposing import duties on inexpensive goods that could negatively affect companies like Shein and Temu.

Potential Impact on Shein and Temu

• Competitiveness: Shein and Temu's competitiveness in the European market may be compromised by the proposed import duties.
• Profitability: The profitability of Shein and Temu could suffer under the burden of additional import costs.

In conclusion, the EU's plan to levy import duties on low-priced goods poses a significant threat to the financial health of Shein and Temu.