EconomyLens.com
No Result
View All Result
Friday, December 12, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

EU agrees three-euro small parcel tax to tackle China flood

Natalie Fisher by Natalie Fisher
December 12, 2025
in Economy
Reading Time: 5 mins read
A A
2
19
SHARES
235
VIEWS
Share on FacebookShare on Twitter

American consumers may see prices go up on Chinese shopping apps like Shein and Temu after the Trump administration's tariff policy takes effect. ©AFP

Brussels (Belgium) (AFP) – EU finance ministers agreed Friday to impose a three-euro duty on low-value imports into the bloc from July 2026 to help tackle a flood of small parcels ordered via the likes of Shein and Temu. Last year, 4.6 billion small retail packages entered the European Union — more than 145 per second — with 91 percent originating in China and their numbers expected to keep rising.

Related

Russian central bank says suing Euroclear over frozen assets

US Treasury chief seeks looser regulation at financial stability panel

Turnaround for Greece as Pierrakakis tapped to lead Eurogroup

Mexico approves measure raising tariffs on Chinese imports

Mexico approves measure raising tariffs on Chinese imports

Starting at three euros, the new fee will apply once per item in cases where packages contain different products, but only once if they contain multiples of the same item, a spokesperson for the European Council told AFP. The move comes a month after the EU agreed to scrap a duty exemption for parcels worth less than 150 euros ($174) imported directly to consumers in the 27-nation bloc, in many cases via Chinese-founded platforms. The levy will be introduced on a temporary basis starting July 1, staying in place until the bloc can settle on a permanent solution for taxing such imports.

“This temporary measure responds to the fact that such parcels currently enter the EU duty free, leading to unfair competition for EU sellers, health and safety risks for consumers, high levels of fraud and environmental concerns,” the Council, which represents EU member states, said in a statement.

– ‘Major victory’ –

European retailers argue they face unfair competition from overseas platforms, such as AliExpress, Shein, and Temu, which they claim do not always comply with the EU’s stringent rules on products. Key EU power France has made the matter a priority, given the around 800 million such packages shipped to the country last year and strong domestic pressure to take action. French Finance Minister Roland Lescure welcomed the flat tax as “a major victory for the European Union.”

“Europe is taking concrete steps to protect its single market, its consumers and its sovereignty,” he said. The move comes as the EU strives to bolster the continent’s competitiveness by making the lives of European businesses easier through slashing red tape. Alongside ending the duty exemption, the EU executive in May proposed a small package handling fee worth two euros.

EU member states have yet to agree on the level of that fee, but hope it will apply from late 2026. Fed up with waiting, some states have already moved forward with their own plans, including Romania, which has imposed a five-euro fee on small parcels.

© 2024 AFP

Share8Tweet5Share1Pin2Send
Previous Post

World stocks retrench, consolidating Fed-fuelled gains

Natalie Fisher

Natalie Fisher

Related Posts

Economy

Steam – and uncertainty – rise from Serbia’s shuttered refinery

December 11, 2025
Economy

US trade gap shrinks to narrowest since 2020 after tariff hikes

December 11, 2025
Economy

German growth forecasts slashed, Merz under pressure

December 11, 2025
Economy

Thyssenkrupp pauses steel production at two sites citing Asian pressure

December 11, 2025
Economy

Thyssenkrupp pauses steel production at two sites citing Asian pressure

December 11, 2025
Economy

ECB proposes simplifying rules for banks

December 11, 2025
0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

81

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

EU agrees three-euro small parcel tax to tackle China flood

December 12, 2025

World stocks retrench, consolidating Fed-fuelled gains

December 12, 2025

EU 2035 combustion-engine ban review: what’s at stake

December 12, 2025

Stocks rally in wake of Fed rate cut

December 12, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.