EU is a fine organization
EU fines Temu €200M for allowing sale of illegal products
141–150 of 423 posts
Re: EU fines Temu €200M for allowing sale of illegal products
#142Re: EU fines Temu €200M for allowing sale of illegal products
#143I’m curious if its actually difficult or trivial for Temu to enforce
Re: EU fines Temu €200M for allowing sale of illegal products
#144The EU is only good at imposing massive fines and they like to regulate technologies they have not created and don't even host them. TEMO will more than likely just pass the cost of this onto EU consumers.
As an EU consumer, I appreciate laws and regulations that ban selling cheap junk that might burn my house down or poison my baby. I take it you don't?
In my limited experience not all countries do think like this.
Re: EU fines Temu €200M for allowing sale of illegal products
#145EU is a fine organization
Feels like the EU is always going to find something to fine you over. Think of it as a tax. The purpose is compensating for the lack of notable domestic tech giants.
Re: EU fines Temu €200M for allowing sale of illegal products
#146This has been going on for a year now. The EU began enforcing a small parcel tax directly against Temu last May [0] and France has been strongly lobbying against Shein and Temu [1]. The EU has also made Chinese overproduction a critical topic of discussion for EU-China relations [2][3], and barring Temu and Shein is backed by both unions and industrial groups within Europe [4]. All of this is linking to the EU's stra…
> Chinese overproduction a critical topic of discussion for EU-China relations
Ah of course, I do want the state regulating what I can and cannot buy when it comes to junk. Only approved goods should be allowed.
Re: EU fines Temu €200M for allowing sale of illegal products
#147Say what you may of Temu, and I do think more vetting of certain goods is a good idea, but they fill a very real need. In the part of Europe where I live, the choice is only between intermediaries for the same products coming from China. The local intermediaries sell a very limited picking at staggering margins. And when it comes to certain things, like electronic components, the choice is between importing (old) Ame…
There is some validity to a marketplace selling items from a larger range of retailers, however the quality is so poor for many items that it simply is no good for society in any way.
> the quality is so poor for many items that it simply is no good for society in any way.
There are some that are genuinely dangerous and bad for society, but there are tons of goods that are "the same thing but half the price because it lasts a quarter the time" that have genuine utility.
Harbor Freight has basically made a drop-shipping business out of it. I often have tools that I need but will probably use 4 times in my life, and the Harbor Freight stuff is crap but will probably work 4 times.
Copy that over a bunch of verticals and it starts to make sense. Clothing for a costume I'll wear maybe twice, niche cooking gadgets for very specific things, tools to do a one-time repair on a car, a flash drive to turn over photos to family members, yada yada.
Re: EU fines Temu €200M for allowing sale of illegal products
#148Earlier quoted context omitted.
If you're "pro free market, but", you're not pro free market. That's fine, but you might want to reevaluate whether you're actually for it.
Free markets can have strong rules. No other than Adam Smith said they are needed.
I would even go further and say that the term really has to be almost "equal" - equal access, equal rules, equal legislation or the market isn't really free.
Re: EU fines Temu €200M for allowing sale of illegal products
#149The EU's approach to imports from PRoC is the regulatory equivalent of trying to 'test your way to quality' (which Deming showed to be nearly impossible). Attempts to use regulatory fines and prosecutions to ensure compliance from PRoC products is a whack-a-mole exercise which will fail.
Re: EU fines Temu €200M for allowing sale of illegal products
#150Say what you may of Temu, and I do think more vetting of certain goods is a good idea, but they fill a very real need. In the part of Europe where I live, the choice is only between intermediaries for the same products coming from China. The local intermediaries sell a very limited picking at staggering margins. And when it comes to certain things, like electronic components, the choice is between importing (old) Ame…
Yea, worst is the retail people who clearly hated Temu/Aliexpress etc because they stand no chance at competing with them when they sell the same things but at 10 times the cost (I don’t blame them. Sucks for them) but instead of just saying the truth that they hate the competition they just make up these fake reasons ”oh it’s low quality stuff that will break” when it’s clearly the same stuff from the same factories etc.