EU Reaches Deal on Customs Reform, Agrees to Fine Online Marketplaces Over Unsafe Imports

EuropeUnder the new rules, online marketplaces and sellers such as Temu, SHEIN, and AliExpress will be treated as importers.The European Union has agreed to overhaul its customs system, introducing new fees on low-value imports and tougher rules for online platforms to tackle a rise in e-commerce shipments and product safety risks, officials said on March 26.The reforms come amid growing concern in Brussels about the volume of imports from China and the prevalence of unsafe or noncompliant products entering the EU market.