Brazil on Wednesday eliminated its federal import tax on small overseas parcels, moving in the opposite direction from US and European Union efforts to close a loophole that saw such Chinese retail giants as Shein and Temu expand rapidly. The elimination will hurt the country’s tax base, but the...
Source: [SCMP](https://www.scmp.com/news/china/article/3366975/brazil-scraps-tax-small-parcels-chinese-platforms-lose-us-and-eu-access?utm_source=rss_feed)