Retailers Frustrated with Labour's China Policy

Retailers in the UK are expressing frustration with the Labour Partys hesitance to challenge China, particularly regarding a customs loophole that allows cheap imports to enter duty-free. This loophole, which benefits companies like Shein and Temu, has been a point of contention for domestic retailers who argue it creates an unfair competitive advantage. The Labour Partys proposed four-year timeline to close this loophole has been criticized as too slow, with the US and Europe managing to close similar loopholes in significantly less time. This situation underscores the tension between supporting domestic businesses and navigating international trade relations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.