This is also part of the EU's larger tariffs against China [3].
[0] - https://www.globaltimes.cn/page/202605/1361926.shtml
[1] - https://www.globaltimes.cn/page/202605/1362200.shtml
[2] - https://www.globaltimes.cn/page/202605/1362161.shtml
[3] - https://www.ft.com/content/e28fe696-ac30-4543-a105-febc82789...
Ahah, China going Adam Smith on the EU.
Peacefully, so far. Let's hope they don't go "opium war" on free trade.
[0] - https://www.telegraph.co.uk/world-news/2026/01/30/china-traf...
[1] - https://www.reuters.com/business/aerospace-defense/russians-...
> A major source of this latest wave of the so-called "China shock" narrative is the claim that the EU's trade deficit with China reached 360 billion euros in 2025.
These are the same people whose collective knickers are getting in a twist over Trump, mind you.
The average EU salary is €39,808. It's equivalent to a €636 fine. Though this is based on income, not net profit so it's actually more impactful to the average person than to Temu.
1. It's not, and
2. Who cares if somebody gets fired for PR purposes? Especially with a severance that will make sure that their great-grandchildren will never have to work and your great-grandchildren will be paying them rent?
Everybody doing tens of billions of $ of business shrugs off a $200M fine. They might even get a bonus and a plaque for coming up with a scam that lasted so long before it blew up.
Again, that's not how it works, although I know people have this romanticized view of big companies casually shrugging off 200M fines like nothing.
>>They might even get a bonus and a plaque for coming up with a scam that lasted so long before it blew up.
Again, cool idea for a book, but doesn't happen in reality. No one gets a pat on the back and a bonus for being fined 200M.
https://themorningnews.com/news/2025/10/13/temu-doubles-eu-p...