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EU to Levy on Low-Cost Import Packages from Jul 2026, Charging EUR3 Per Product Category
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EU member state finance ministers agreed to impose tariffs on all import packages valued at less than EUR150 starting from July 2026. A fee of EUR3 (approximately USD3.52) will be charged per product category contained within the package, aiming to curb the import of low-cost packages from Chinese e-commerce platforms. The EU explained that this temporary measure addresses the issue of tax-free entry of low-cost packages into the EU, which creates unfair competition for EU sellers, poses health and safety risks to consumers, and raises concerns about fraud and environmental impact. AASTOCKS Financial News Website: www.aastocks.com |
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