Published by Global Banking & Finance Review®
Posted on November 13, 2025
1 min readLast updated: January 21, 2026
The EU will impose customs duties on low-value parcels from China by 2026, affecting retailers like Shein and Temu.
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.
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.
($1 = 0.8575 euros)
(Reporting by Jan Strupczewski; editing by Philip Blenkinsop)
E-commerce refers to the buying and selling of goods and services over the internet. It includes online retail, electronic payments, and digital transactions.
A low-value parcel is typically defined as a shipment of goods that falls below a certain monetary threshold, which may be exempt from customs duties.
Customs duties can increase the cost of importing goods, potentially leading to higher prices for consumers and reduced competitiveness for retailers in the market.
Financial regulations are laws and rules governing the financial services industry, aimed at maintaining the integrity of financial markets and protecting consumers.
Explore more articles in the Headlines category
