European importers are calling for EU and UK governments to follow in the US’s footsteps and remove de minimis exemptions for low-value Chinese imports to «level the playing field».
According to a Trade and Transport Group (TTG) analysis of Chinese Customs data, its exports of low-value and ecommerce items «again grew strongly» last month.
Frederic Horst, CEO of TTG, observed that the decline in US markets, which he estimated to be between 40% to 50% in May to July, has been offset by «strong growth to Europe».
