Reeves delays Shein import clampdown to 2029 Retail Rachel Reeves will wait four years before scrapping a controversial tax break that benefits low-cost foreign retailers such as Shein and Temu, hitting British high street chains who had pushed for immediate action in next week’s Budget. The chancellor has confirmed she will abolish the UK’s ‘de minimis’ rule, which exempts parcels worth under £135 [...]
Zara boss calls for crackdown on fast-fashion tax loophole Retail The head of Zara’s parent company has called for a US-style crackdown on shipments of small goods in Europe to “level the playing field” between Chinese and European firms. Chinese giants Shein and Temu have heavily disrupted the global fashion market in the last few years, putting pressure on older companies. Part of their meteoric [...]
DHL suspends large US deliveries as tariffs bite Retail Parcel delivery firm DHL has temporarily suspended large shipments to the United States as it grapples with new regulations for trade. From April 21, all shipments worth more than $800 (£603) will be temporarily halted. US Customs and Border Protection introduced stricter controls on goods worth more than $800 on April 5, with more stringent [...]