/The trade loophole that’s costing the UK economy billions

The trade loophole that’s costing the UK economy billions

The scale of cheap Chinese e-commerce imports flown into Britain without paying any tariffs has become clearer following a Sky News investigation into this new multi-billion pound phenomenon.

Companies like Shein and Temu have become big players in British retail, not to mention elsewhere around the world, by manufacturing cheap products in China and then posting them directly to consumers, benefiting from the de minimis rules.

Sky’s data and economics editor, Ed Conway, was given exclusive access inside the supply chain for this trade.

Read more: https://news.sky.com/story/revealed-the-scale-of-cheap-chinese-imports-flown-into-uk-without-paying-any-tariffs-13403101

#china #trade #politics #edconway #skynews #economy

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