The European Union has proposed a two-euro flat fee on billions of small parcels sent directly to people’s homes, which mainly come from China at the moment. The new tax would mean that packages worth less than 150 euros (£126) are no longer customs-free. Online marketplaces, including Chinese giants Temu and Shein, would be expected...
Peter Hoskins Business reporter Getty Images A duty-free loophole for low-value packages is about to be closed by President Donald Trump, pushing up prices for US customers of firms like Shein and Temu. The Chinese online retail giants relied on the so-called “de minimis” exemption to sell and ship low-value items directly to the US...