Goodbye to AliExpress and Temu as of Autumn: EU Ends Customs Exemption and Taxes Sink Chinese Purchases
6 Articles
6 Articles
Purchases on platforms such as Temu, Shein or AliExpress have suffered a major setback in Europe. Since July 1st, a new measure has entered into force that introduces a charge of three euros for shipments of products whose value is less than 150 euros. A measure that for the economist Niño ... Continue reading "The economist Niño Becerra on the new rate in Temu and Shein products: "It will serve for one thing""
Buying products at reduced prices on Asian platforms in Europe is about to stop being an attractive business for consumers. The customs exemption for orders worth less than 150 euros arrived...
New surcharges are already being applied and can raise the final price of an order much more than expected, especially when mixing several product categories
Temu and Shein fans are angry because on July 1, a hefty customs duty was sometimes applied to goods purchased from third countries. Why are people being deprived of the opportunity to order cheaply directly from China, instead of paying extra when buying from Estonia - after all, many store goods are manufactured there? In reality, it's not that simple.
The new European rate for cheap platform packages such as AliExpress, Temu or Shein is often explained as “they will charge you 3 euros more”, but the reality is different. If that amount ends up forming part of the basis on which the VAT is calculated, the real cost goes up to 3.63 euros with the general rate of 21%. That is, almost 4 euros added to orders that usually cost 2 or 5 euros. The measure applies since last July 1st for products up t…
A few days ago, I wrote an article on Vísir.is where I listed various consequences that entry into the European Union would entail, as well as the application process for joining the union.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
