Tag #Cross-Border Trade

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kathimerini.gr

🌐 85% Global Worthiness

Mar 26, 10:11

€89 Billion EU VAT Gap in 2022: Cross-Border Fraud Exploits Loopholes

The EU-27 experienced an €89 billion VAT gap in 2022, with €22.25 billion directly resulting from cross-border VAT fraud exploiting customs procedure 42 and the IOSS system through various manipulative practices.

€89 Billion EU VAT Gap in 2022: Cross-Border Fraud Exploits Loopholes

The EU-27 experienced an €89 billion VAT gap in 2022, with €22.25 billion directly resulting from cross-border VAT fraud exploiting customs procedure 42 and the IOSS system through various manipulative practices.

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What is the extent of VAT fraud within the EU's cross-border trade, and what are its immediate financial consequences?

In 2022, the EU-27's VAT gap, the difference between expected and actual VAT revenue, reached €89 billion. A quarter of this loss is directly attributed to VAT fraud in cross-border business transactions within the EU.

europe.chinadaily.com.cn

🌐 85% Global Worthiness

Feb 26, 04:08

US Tariff Change to Impact Chinese E-commerce

The US government's elimination of the tariff exemption for small packages from China, initially suspended but set to be reinstated, will raise prices for US consumers and prompt Chinese e-commerce platforms to invest in overseas warehouses and diversify markets.

US Tariff Change to Impact Chinese E-commerce

The US government's elimination of the tariff exemption for small packages from China, initially suspended but set to be reinstated, will raise prices for US consumers and prompt Chinese e-commerce platforms to invest in overseas warehouses and diversify markets.

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How will Chinese e-commerce platforms adapt their strategies to offset the increased costs resulting from the elimination of the small-package tax exemption?

This policy change directly impacts Chinese cross-border e-commerce platforms by increasing operational and logistics costs. To offset these higher costs, platforms are investing in overseas warehouses and diversifying their supply chains, expanding into markets beyond the US. This is a response to mitigate the negative impact on their competitiveness and profitability.

theglobeandmail.com

🌐 85% Global Worthiness

Feb 15, 01:08

US "De Minimis" Exemption Threat Shakes Canadian E-Commerce

The threatened elimination of the US "de minimis" exemption, which allows duty-free imports under US$800, creates uncertainty for Canadian e-commerce businesses, forcing many to scale back investments or increase prices while others adapt by shipping to US warehouses, highlighting the need for predi...

US "De Minimis" Exemption Threat Shakes Canadian E-Commerce

The threatened elimination of the US "de minimis" exemption, which allows duty-free imports under US$800, creates uncertainty for Canadian e-commerce businesses, forcing many to scale back investments or increase prices while others adapt by shipping to US warehouses, highlighting the need for predi...

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How does the threatened change to the "de minimis" exemption affect various sizes of Canadian businesses differently?

This disruption stems from the US administration's threat to eliminate the "de minimis" exemption, impacting businesses that structured their pricing and operations around it. The threat, though temporarily paused for Canadian imports, highlights the vulnerability of cross-border e-commerce and the need for predictable trade policies. The exemption's removal would disproportionately affect smaller Canadian businesses while potentially leveling the playing field against large Chinese competitors.

cnbc.com

🌐 85% Global Worthiness

Feb 5, 07:10

USPS Suspends Inbound Packages from China and Hong Kong Amid New Tariffs

The U.S. Postal Service temporarily suspended all inbound packages from China and Hong Kong due to President Trump's new tariffs eliminating the "de minimis" provision, impacting Chinese e-commerce firms like Shein and Temu and potentially raising prices for U.S. consumers.

USPS Suspends Inbound Packages from China and Hong Kong Amid New Tariffs

The U.S. Postal Service temporarily suspended all inbound packages from China and Hong Kong due to President Trump's new tariffs eliminating the "de minimis" provision, impacting Chinese e-commerce firms like Shein and Temu and potentially raising prices for U.S. consumers.

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How did the elimination of the "de minimis" provision and the new tariffs contribute to the USPS's decision?

The suspension of inbound packages from China and Hong Kong by USPS directly impacts Chinese e-commerce giants like Shein and Temu, who heavily relied on the now-eliminated "de minimis" loophole for inexpensive U.S. shipping. This action is a direct result of President Trump's new tariffs aimed at curbing the influx of cheap goods and addressing concerns about illicit imports, disrupting the established distribution channels.

dw.com

🌐 85% Global Worthiness

Jan 6, 19:09

Dajabón Border Market: A Lifeline and Economic Engine Amidst Instability

The Dajabón border market, open Mondays and Fridays, facilitates substantial informal trade between the Dominican Republic and Haiti, generating nearly $430 million annually, despite limitations in infrastructure and challenges posed by Haiti's instability.

Dajabón Border Market: A Lifeline and Economic Engine Amidst Instability

The Dajabón border market, open Mondays and Fridays, facilitates substantial informal trade between the Dominican Republic and Haiti, generating nearly $430 million annually, despite limitations in infrastructure and challenges posed by Haiti's instability.

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What are the main challenges faced by the Dajabón border market, and how do these affect its operation and future prospects?

The Dajabón market's operation reveals a complex interplay between order and chaos, reflecting the socio-economic disparities and security concerns affecting the Dominican Republic-Haiti border region. Haiti's food insecurity crisis drives demand for goods from the Dominican Republic, highlighting the interconnectedness of their economies. The market's limitations, including capacity and infrastructure, hinder further growth and efficiency.

usa.chinadaily.com.cn

🌐 85% Global Worthiness

Feb 26, 04:08

US Tariff Change Impacts Chinese E-commerce

The US eliminated the tariff exemption for small packages from China, impacting Chinese e-commerce platforms and US consumers. Chinese companies are investing in overseas warehouses and market diversification, while US consumers face higher prices and reduced selection.

US Tariff Change Impacts Chinese E-commerce

The US eliminated the tariff exemption for small packages from China, impacting Chinese e-commerce platforms and US consumers. Chinese companies are investing in overseas warehouses and market diversification, while US consumers face higher prices and reduced selection.

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How are Chinese e-commerce companies responding to the increased tariffs and logistical challenges imposed by the revised US policy?

This policy shift directly impacts Chinese cross-border e-commerce platforms by increasing their operational costs and reducing their price competitiveness in the US market. To counteract this, platforms like Shein and Temu are expanding their US presence through increased warehousing and supply chain diversification, including sourcing from countries like Brazil.

africa.chinadaily.com.cn

🌐 85% Global Worthiness

Feb 26, 04:08

US Tariff Change Impacts Chinese E-commerce

The US government's adjustment to the "de minimis" tariff exemption policy for small packages from China will increase costs for US consumers, prompting Chinese cross-border e-commerce platforms to invest in overseas warehouses and diversify supply chains to maintain competitiveness.

US Tariff Change Impacts Chinese E-commerce

The US government's adjustment to the "de minimis" tariff exemption policy for small packages from China will increase costs for US consumers, prompting Chinese cross-border e-commerce platforms to invest in overseas warehouses and diversify supply chains to maintain competitiveness.

Progress

40% Bias Score

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How are Chinese e-commerce companies responding to the increased costs and challenges associated with the revised tariff policy?

This policy change directly impacts Chinese cross-border e-commerce platforms by increasing logistics costs and operational pressures. To counter this, platforms like Shein and Temu are expanding US warehouse capacity and diversifying supply chains, including sourcing from countries like Brazil. This highlights a shift towards localized operations to maintain market share.

nos.nl

🌐 85% Global Worthiness

Feb 9, 13:09

Trump's Tariff Threat Shakes Windsor-Detroit Trade

Trump's threatened 25% tariff on Canadian goods has created uncertainty in Windsor, Canada, a city heavily reliant on cross-border trade with Detroit, jeopardizing \$325 million in daily exchanges and impacting various sectors.

Trump's Tariff Threat Shakes Windsor-Detroit Trade

Trump's threatened 25% tariff on Canadian goods has created uncertainty in Windsor, Canada, a city heavily reliant on cross-border trade with Detroit, jeopardizing \$325 million in daily exchanges and impacting various sectors.

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Decent Work and Economic Growth

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What are the immediate economic consequences of Trump's threatened tariffs on the Windsor-Detroit cross-border trade?

Trump's threatened 25% import tariff on Canadian goods caused significant concern in Windsor, Canada, a city deeply integrated with the US auto industry. The daily cross-border trade of \$325 million between Windsor and Detroit, representing one-third of total Canada-US trade, is at risk, impacting businesses and workers.

zeit.de

🌐 75% Global Worthiness

Feb 5, 16:14

EU Investigates Shein for Consumer Protection Violations

The EU Commission launched an investigation into Shein for potential consumer protection violations, including unfair contract terms and practices, prompting stricter customs checks and fees for shipments from third countries; Shein stated it will cooperate with authorities.

EU Investigates Shein for Consumer Protection Violations

The EU Commission launched an investigation into Shein for potential consumer protection violations, including unfair contract terms and practices, prompting stricter customs checks and fees for shipments from third countries; Shein stated it will cooperate with authorities.

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How do the EU's actions against Shein relate to broader concerns about online marketplaces and consumer protection?

This investigation follows a similar one against Temu, revealing a pattern of scrutiny towards fast-fashion online marketplaces. The EU's actions highlight concerns about consumer rights violations, including misleading practices like false discounts and inadequate information on consumer rights, as evidenced by over 90% of tested Shein products found non-compliant with EU law.

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