-
EU Moves to Tax Low-Value Parcels as China E-Commerce Floods Market
THE WHAT? The European Union has agreed to introduce a temporary €3 levy on small e-commerce parcels in response to the surge in low-value imports, primarily from China. THE DETAILS From July next year, parcels valued under €150 will face the interim charge, ahead of permanent customs duties planned for 2028 once a new…
-
EU agrees three-euro small parcel tax, a first step to curb China import surge
European Union finance ministers agreed on Friday, December 12, to impose a three-euro duty on low-value imports into the bloc from July 2026. While the measure covers all imports from non-EU countries, it mainly targets the surge of low-cost Chinese goods ordered through platforms like Shein, Temu, and AliExpress. More than 145 parcels per…
-
Les petits colis entrant dans l’UE seront taxés 3 euros à partir de juillet 2026
Les ministres des Finances de l’Union européenne (UE) se sont mis d’accord, vendredi 12 décembre, pour imposer une taxe de trois euros sur les importations de colis de faible valeur à partir de juillet 2026. Si elle s’applique à toutes les importations venues de pays tiers, la mesure vise d’abord à contrer l’afflux de…
-
Unilever Sets Annual M&A Budget of €1.5 Billion With Priority on U.S. Deals
THE WHAT? Unilever CEO Fernando Fernandez has stated that the company is allocating approximately €1.5 billion (US$1.74 billion) annually for mergers and acquisitions, with a strong focus on opportunities in the United States. THE DETAILS Fernandez disclosed the figure at a JPMorgan-hosted event, noting that U.S. assets represent a primary target area for future…
-
Gerrard International Acquires Jessica Cosmetics
THE WHAT? Gerrard International has acquired professional nail brand Jessica Cosmetics after more than three decades serving as its UK distributor. THE DETAILS Gerrard International, based in Hertfordshire, has managed Jessica Cosmetics’ UK business for 35 years, during which the market became the brand’s most commercially successful territory. The acquisition follows the passing of…
-
French and U.S. industry groups warn consumers about counterfeit cosmetics
Ahead of the festive season, the fragrance and cosmetics industry is warning of a wave of fakes, dupes, counterfeits and non-compliant products that are just a click away. The main industry associations in France and the United States say consumers are being exposed to serious risks when purchasing these goods. As cut-price counterfeit cosmetics…
-
En France comme aux États-Unis : alerte aux faux parfums et cosmétiques
À l’approche des fêtes, l’industrie des parfums et cosmétiques met en garde contre les faux, les dupes, les contrefaçons et les produits non conformes, trop facilement accessibles en ligne ! Les deux principales associations professionnelles du secteur, en France et aux États-Unis, alertent sur les dangers auxquels s’exposent les acheteurs de ce type de…
-
EU Raids Temu Over Suspected Breach of Foreign Subsidies Rules
THE WHAT? The European Commission has carried out unannounced inspections at Temu as part of an investigation into potential violations of the EU Foreign Subsidies Regulation. THE DETAILS The raid took place at one of Temu’s Irish premises, targeting possible foreign state support that could distort competition in the EU market. Temu, owned by…
-
Switzerland secures retroactive cut of U.S. customs duties to 15%
U.S. customs duties on Swiss products will be reduced to 15% with retroactive effect from November 14, the date a draft agreement was signed, Bern announced on Wednesday, December 10. In return, Switzerland will lower its customs duties on selected U.S. fishery and agricultural products, the Swiss Ministry of Economy said in a statement.…
-
Suisse : les droits de douane américains ramenés à 15% avec effet rétroactif
Les droits de douane américains sur les produits suisses seront abaissés à 15% avec effet rétroactif au 14 novembre, date à laquelle un projet d’accord avait été scellé, a annoncé Berne mercredi 10 décembre. En contrepartie, la Suisse diminue ses droits de douane sur certains produits de la pêche et produits agricoles en provenance…