Bad news! What is this? Government interventionism? Government paternalism? Or is it government trade protectionism?
What is next?
If it is e.g. true that the Chinese yuan is systematically and significantly undervalued due to Chinese currency manipulation, then should this not be addressed first?
"France will from Tuesday impose a fee on ultra-fast fashion items that will eventually reach almost 20 euros per garment, as the government targets major Asian e-commerce platforms including Shein.
The levy follows legislation passed by the French parliament in June to regulate so-called "ultra-fast fashion" companies, known for selling large volumes of lower quality clothing at rock-bottom prices.
It is part of a push to rein in Asian e-commerce giants including Shein, Temu and AliExpress, which have exploded in popularity in France in recent years. ..."
France passes watered-down legislation to curb fast fashion "The law aimed at 'reducing the environmental impact of the textile industry' passed its final reading in the Sénat on June 29. Its content underwent numerous revisions over the past two years, particularly to accommodate domestic players in France, while excluding online giants Shein and Temu from those concessions."
Credits: Frankfurter Allgemeine Zeitung
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