BRUSSELS (Reuters) -European Union finance ministers agreed on Thursday to bring forward to "as soon as possible in 2026" the introduction of customs duties on low-value parcels arriving in the 27-
EU Plans Customs Duties on Low-Value Parcels from China by 2026
Impact of New Customs Duties on E-Commerce
BRUSSELS (Reuters) -European Union finance ministers agreed on Thursday to bring forward to "as soon as possible in 2026" the introduction of customs duties on low-value parcels arriving in the 27-nation EU, an EU spokesman said, in a move that will hit Chinese on-line retailers Shein and Temu.
Overview of EU Customs Regulations
The initial EU plan was to remove the custom duty exemption for parcels valued at less than 150 euros ($174.93) only in 2028. But the billions of packages arriving in the EU mainly from China have triggered a backlash from businesses and put pressure on politicians to act faster.
Effects on Chinese Retailers
($1 = 0.8575 euros)
Shein and Temu Response
(Reporting by Jan Strupczewski; editing by Philip Blenkinsop)
