EU Fees on Shein and Temu Could Raise 6 Billion Euros

Proposed European Union charges on cheap ecommerce parcels from platforms like Shein and Temu could generate up to six billion euros annually for the bloc. The fees aim to address undervalued imports and fund customs enforcement.

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FILE PHOTO: A company logo for fashion brand Shein is seen on a pile of gift bags on its Christmas bus as part of a nationwide promotional tour in Liverpool, Britain, December 14, 2024. REUTERS/Phil Noble/File Photo

European Union import fees targeting cheap ecommerce packages from platforms such as Shein and Temu could raise €6 billion annually from 2028 to 2034. The revenue estimate highlights the bloc's escalating crackdown on low-value imports originating mostly from China. The new charges provide critical funding to bolster customs enforcement across the single market.