Chancellor Rachel Reeves is reviewing the UK's Low Value Imports rules which currently exempt goods valued at £135 or less from Customs duty. While this review may help UK retailers facing competition from cheap Chinese imports, experts from Parcelhero warn that scrapping these exemptions could significantly raise prices for British consumers purchasing online. For example, a pair of trainers costing £135 could see a £21 increase due to Customs duty. The review is partly inspired by President Trump's tariffs on Chinese goods, aiming to protect the UK market from low-cost imports.
If the UK's duty exemption for Low Value Imports is abolished, it would mean a pair of trainers costing £135 would be hit with the UK's full Customs duty for trainers, which is 16%. This could raise their final cost to the shopper to around £156 - a £21 increase.
The UK review is good news for UK stores selling British products, whose prices are often undercut by cheap Chinese imports, but it's not necessarily great news for shoppers.
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