The number of low-value parcels from China entering Europe more than quadrupled, from €1.3 billion in 2022 to nearly €6 billion last year.
Snapshot · The Prof G Pod with Scott Galloway
The number of low-value parcels from China entering Europe more than quadrupled, from €1.3 billion in 2022 to nearly €6 billion last year.
Where this was said
At 30:10 · chapter starts 30:00
James Kynge details the scale of low-value Chinese parcel imports — quadrupled from €1.3 billion in 2022 to nearly €6 billion in 2024 — which the European Commission itself calls the 'desertification of Europe's high streets' as physical retailers go out of business [1] — James Kynge "The volume of cheap Chinese parcels entering Europe more than quadrupled between 2022 and 2024, from €1.3 billion to nearly €6 billion, pro…" 30:00 . The EU's response: a new €3 surcharge on Chinese packages valued over €150. Alice Han is sceptical this will work, citing a Nikkei report that Chinese merchants on Temu and Shein are already circumventing the US de minimis threshold of $800 through false import declarations and logistics networks. She predicts the same workarounds will quickly emerge to neutralise Brussels' new measure, given how agile Chinese e-commerce operators have proven at exploiting regulatory loopholes.
The volume of cheap Chinese parcels entering Europe more than quadrupled between 2022 and 2024, from €1.3 billion to nearly €6 billion, prompting Brussels to add a €3 fee on packages over €150. The European Commission itself calls the result the 'desertification of Europe's high streets'.
Alice Han flagged a Nikkei report showing Chinese merchants on Temu and Shein are already finding loopholes — including false import declarations and logistics networks — to avoid the US de minimis tariff threshold of $800. If the same applies to Europe's new €3 parcel fee, the measure may be dead on arrival.
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