Europeans will soon pay more for cheap imports.

Source Summary

Starting July 1st, small parcels valued at less than €150 (about $171) that enter the EU will be subject to a fixed €3 (about $3.42) customs duty. This temporary measure aims to protect local businesses by reducing competition from foreign low-cost retailers like Temu and Shein, while the EU works out a permanent solution. [Link: Europe Sees 6 Billion Reasons for New Levy on Online Shoppers | https://www.bloomberg.com/news/articles/2026-06-23/europe-sees-6-billion-reasons-for-new-levy-on-online-shoppers | Bloomberg]