Posted Jun 23, 2026 at 10:51 AM UTCJExternal LinkEuropeans will soon pay more for cheap imports.Starting July 1st, small parcels valued at less than €150 (about $171) that enter the EU will be subject to a fixed €3 (about $3.42) customs duty. This temporary measure aims to protect local businesses by reducing competition from foreign low-cost retailers like Temu and Shein, while the EU works out a permanent solution.Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.Jess Weatherbed
Europeans will soon pay more for cheap imports.
Starting July 1st, small parcels valued at less than €150 (about $171) that enter the EU will be subject to a fixed €3 (about $3.42) customs duty. This temporary measure aims to protect local businesses by reducing competition from foreign low-cost retailers like Temu and Shein, while the EU works out a permanent solution. [Link: Europe Sees 6 Billion Reasons for New Levy on Online Shoppers | https://www.bloomberg.com/news/articles/2026-06-23/europe-sees-6-billion-reasons-for-new-levy-on-online-shoppers | Bloomberg]
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