"The EU's foreign subsidies regulation targets companies judged to have been given a competitive advantage through government subsidies. The EU introduced tariffs of up to 38% on a series of Chinese car manufacturers last year after a long investigation under World Trade Organization rules. It concluded the companies were receiving direct and indirect subsidies from the Chinese government, including help shipping cars to Europe and in securing land for factories."
"The commission opened an investigation into Temu last year under its 2022 Digital Services Act, which governs online platforms. Officials said in July that preliminary findings showed Temu was not doing enough to prevent the sale of illegal products. A Temu spokesperson said at the time: Temu takes product safety and compliance very seriously. We have a system of seller vetting, proactive monitoring and responsive takedowns to prevent, detect and remov"
EU regulators carried out an unannounced inspection at Temu's European headquarters in Dublin under the foreign subsidies regulation to investigate a potential breach. The Dublin offices on St Stephen's Green were raided last week without prior notice or publicity. Temu has about 116 million monthly users in the EU and advertises connecting consumers with millions of sellers, manufacturers and brands. The commission previously opened an investigation under the 2022 Digital Services Act after preliminary findings indicated Temu was not doing enough to prevent illegal products. The foreign subsidies regulation targets companies judged to have received a competitive advantage through government subsidies.
Read at www.theguardian.com
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