France targets Shein and Temu with fast fashion fines
The fees range from €0.25 to €12 per item and are designed to fund textile collection, sorting and recycling under EU waste rules.
- France began imposing fines on fast fashion e-commerce sites like Shein and Temu starting Tuesday as part of new legislation to reduce cheap clothing sales and address environmental concerns.
- The fines range from €0.25 for small items such as socks to €12 for coats, capped at 50% of the product's pre-tax price.
- Shein is facing increased challenges after losing duty-free parcel privileges in the EU and U.S., which has impacted its market valuation ahead of its Hong Kong stock debut.
- China's commerce ministry criticized the French law as discriminatory and a trade barrier that may violate WTO rules.
36 Articles
36 Articles
France began to impose taxes on the segment of the fast fashion industry on Tuesday (1), in an attempt to contain the advance in the sales of cheap clothing marketed by electronic commerce sites, including Shein and Temu. The charges, which are part of a law passed in June with the aim of facing environmental concerns arising from overproduction, range from 0.25 euros to a pair of boxer shorts or socks up to 12 euros for a jacket, being the amou…
Since Tuesday, September 1st, France has been applying a financial malus targeting ultra-fast fashion products, notably sold by Shein, Temu or AliExpress. This ecological penalty aims to crack down on the...
Shein debuts with falling stock on Hong Kong stock exchange
This is one of the flagship measures of the law adopted by Parliament this summer, which would not affect so-called fast-fashion companies such as Primark, Zara, Uniqlo or H&M.
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