France’s parliament on Thursday backed a string of measures making low-cost fast fashion, especially from Chinese mass producers, less attractive to buyers.
France’s parliament on Thursday backed a string of measures making low-cost fast fashion, especially from Chinese mass producers, less attractive to buyers.
There’s a lot of protectionism though.
Like this will drive higher inflation.
Inflation does not seem worse over there than in “free for all”© capitalism in the USA
PS: to be fair, USA is very protectionist as well, it’s just they only protect the 1%
A tax like this will make the prices of some goods go up. Such price increases are measured as inflation.
This is a highly regressive tax. It’s 50% on certain items below 5 EUR (soon 10) and less for items above that. Over the price, the rate goes down. For items at 50 EUR (100 EUR), it is only 10%.
Making cheap clothing in particular more expensive doesn’t sound much like looking out for the 99%.