Why China's Temu and Shein are Europe's new trade threat
Thursday, 8 May 2025 () US President Trump's move to end duty-free imports has hit Chinese retailers like Temu and Shein, potentially doubling prices for US consumers. These companies may now focus on Europe, exploiting the EU's loophole. However, the EU is considering scrapping this exemption, raising concerns about product safety, VAT fraud, and unfair competition for European businesses.
European Commission President Ursula von der Leyen has delivered a bold statement: “The West as we knew it no longer exists.” In a powerful new interview, she blames President Trump’s aggressive..
The US is reportedly considering withdrawing up to 10,000 troops from Eastern Europe, NBC reports. These forces were initially deployed by the Biden administration after the Ukraine conflict..
Thursday, 8 May 2025 ()
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