The EU is considering stern measures on the growing flood of packages from Asian online retailers including PDD‘s Temu and Shun following an large increase in ecommerce that evades custom checks, The Financial Times’ Paola Tamma and Andy Bounds report. According to five people familiar with the discussions, the bloc is considering a new tax on ecommerce platforms’ revenue and an administrative handling fee per item that would make most shipments less competitive.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on PDD:
- Data shows Black Friday spending rose 3.4% year-over-year, Reuters reports
- Pinduoduo call volume above normal and directionally bullish
- PDD Holdings Is a High-Growth Value Investment to Consider
- PDD Holdings to Hold Virtual 2024 Annual Meeting
- QQQ ETF Update, 11/26/2024
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
