UK To Scrap Its Tariff Exemption on Low-Value Imports By 2029

The UK is set to clamp down on the influx of ultra-cheap Chinese fashion imports into the country, though not as quickly as many UK retailers would like.

In the new budget unveiled Wednesday, the Treasury confirmed it will introduce reforms to close the current “de minimis” loophole, exempting imports valued at £135 ($178) or less from customs duties, by March 2029 at the latest.

Retailers had widely expected chancellor Rachel Reeves to move faster after months of pressure from British…