The EU plans to make ecommerce platforms, such as Temu, Shein, and Amazon Marketplace, liable for dangerous or illegal products purchased from their stores, Andy Bounds of The Financial Times reports. This move is meant to crackdown on the imports received from China. Online platforms would have to provide data before the goods arrive in the EU, allowing officials to better control and inspect packages, according to a draft proposal reviewed by the Times. Currently, any individual in the EU who purchases an online good is treated as the importer for customs purposes, but the reforms would push the responsibility to the platforms.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- EU Proposes Stricter Customs Rules for Online Giants Like Shein and AMZN
- OpenAI Launches Deep Research to Counter China’s DeepSeek
- Amazon (AMZN) Now Offers Access to DeepSeek’s AI Training Models
- Now Streaming: Peacock revenues rise 28% year-over-year in Q4
- S&P 500 Rallies Thanks to a Tech Stock Recovery