Retailers Urge Faster End to Import Tax Break
British retailers demand immediate end to £150 import tax break, calling current system unfair to UK businesses. Government urged to act before April 2026 deadline.
British retailers demand immediate end to £150 import tax break, calling current system unfair to UK businesses. Government urged to act before April 2026 deadline.
Chancellor Rachel Reeves faces criticism for delaying the scrapping of a tax loophole benefiting Chinese fast fashion firms until 2029. UK high street retailers demand faster action.
MPs and retail leaders demand Chancellor Jeremy Hunt close a major tax loophole allowing retail giants like Shein and Temu to avoid millions in import duties, creating an unfair playing field for British businesses.
Former President Donald Trump's latest tariff policy removes a key exemption for small-value packages, a move set to increase prices on everyday goods imported from China and directly impact British shoppers and small businesses.
The Trump administration has removed a key exemption on low-value imports, meaning global parcel shipments under $800 will now face new tariffs. This move is set to disrupt e-commerce, increase costs for consumers, and spark international trade tensions.
Former US President Donald Trump has unveiled plans to eliminate the 'de minimis' tariff exemption, a move that could reshape international trade dynamics and impact consumers worldwide.