🗣 The EU plans to reinstate tariffs on cheap goods purchased from Chinese platforms AliExpress, Temu, and Shein – FT. 🇪🇺📦
At the end of July, they plan to eliminate the €150 threshold below which goods are exempt from tariffs. 📉💶
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You Might Not know this China is Exposing US Luxury Brands Using TikTok
1. Why China is Doing This
China is leveraging TikTok to challenge US luxury brands for several reasons:
Geopolitical Move: Part of the ongoing US-China trade and tech tension