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International Business Times
International Business Times
World

EU Moves Up Plan to Tax Cheap Chinese Online Imports to Support Domestic Retailers

A photo shows European Union flags in the Europa Building before the EU-Western Balkans summit at the European Council in Brussels on December 18, 2024.

The European Union is fast-tracking its plan to tax small online packages from major Chinese shopping platforms like Shein, Temu, and Alibaba, aiming to roll out the measure in early 2026, more than two years ahead of schedule.

The move is part of Brussels' effort to protect European retailers struggling to compete with a flood of cheap imports.

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