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Shein, Temu should be unfazed by EU plan to close import tax loophole

The European Commission's plan to scrap the EU's €150 import tax loophole is said to be targeting ultra fast fashion giants Temu and Shein, however an industry expert suggests the companies will still remain cheaper than competitors so impact will be limited.

Laura Husband July 08 2024

There are concerns an end to the import duty loophole could hamper Shein’s profit margin and plan to list on the London stock exchange. Credit: Shutterstock.

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