AssetID: 55972125
Headline: UNCAPTIONED: China Threatens Action Over France's Shein and Temu Taxes
Caption: China Threatens Action Over France’s Shein and Temu Taxes. China has urged France to immediately withdraw new fees targeting ultra-fast fashion platforms such as Shein and Temu. Beijing says the measures are discriminatory and could violate World Trade Organization rules by unfairly targeting Chinese companies. The French charges, introduced on September 1, range from €0.25 for small items such as socks to €12 for a coat, with the amount capped at half the product’s pre-tax price. The fees are designed to discourage the mass production and sale of cheap clothing, while encouraging more durable and repairable garments. Although the law does not specifically name Chinese companies, its formula is expected to disproportionately affect these platforms because of their enormous online catalogues. Shein listed more than two million products on its platform as of March, while adding thousands of new clothing styles every day, according to its stock market prospectus. China’s Commerce Ministry has warned that it will take measures to protect Chinese companies if France maintains what it considers an unfair trade barrier. Shein faces growing regulatory pressure in Europe and the United States, while its Hong Kong stock-market debut has highlighted concerns about the future of its business model. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,China,France,taxes,fast fashion,Shein,Temu,levies,trade barriers,discrimination,local,quality,products,mass production,fees,withdraw,request
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