The woman stands with coffee and looks at the phone on the UK High Street.
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British retailers warned that Chinese companies risk the Lagoon of Great Britain with cheap goods when the tariffs of US President Donald Trump are choosing access to the largest consumer market in the world.
The British retail consortium announced that domestic companies aroused an alarm about “redirecting” cheaper goods away from the USA and other markets of 145% of Trump tariffs to China, along with the closing of a key tax gap for cheap imports.
“Detailedists are very concerned about the risk of redirecting some of the lower quality from the US to Europe as a result of tariffs,” said Helen Dickinson, general director of BRC.
Analysts marked that the risk was particularly clear among Chinese selling producers through internet markets such as Amazon, Shein and this.
“It seems to me that such as Shein and there is a risk that they decide to direct exports to Europe away from the USA and that the valuation of the valuation, especially for retail sellers and retail sellers at a lower end,” said Richard Chamberlain, head of European discretionary research of discretionary capital at RBC in RBC, CNBC.
Chamberlain added that this can achieve lower British and European companies, such as the Primark and Household Goods B&M clothing giant. Primark refused to comment on this matter, while B&M did not immediately answer at the request of CNBC for comment.
At the beginning of this month, President Trump signed an executive order ending almost a hundred years of “de minimis” tax gap for imports up to USD 800, in traffic aimed at rapid development of cheap Chinese retail sellers, such as Shein and this.
Now British retailers are calling on the UK government to follow their own tax exemption from imports up to 135 £ (178 USD).
“In the light of current geopolitical tensions, the government should view de minimis rules to ensure the best results for British retail sellers and their clients,” said Dickinson from BRC.
Andrew Goodacre, general director of the British Independent Retailers Association (Bira), said CNBC that before the tariff announcement of member companies are concerned about the size of items coming to the country from Chinese companies and calling for a tax -free import threshold.
“For many months, we ask the government to check the current de-minimis service,” said Goodacre by e-mail. “Billions of products each year are sold in large markets, entering a country free of service, and also avoiding all VAT obligations.”
“The thought of Chinese companies dropping even more goods on these channels, a real possibility, is a worry for large and small retail sellers,” he continued.
“While customers will see lower prices, they will set a dishonest market, leaving bricks and mortars to even more adverse than usual.”
However, Chamberlain suggested that the ability of Chinese companies to flood other markets may be limited because the additional cost of sales in the US increases costs around the world.
“These Chinese e-Tailers are dealing with an increase in costs, especially in the case of changes in de minimis rules, which should cause paying import duties to export to the US, so that they can mean that they have to raise prices around the world,” he said.