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    "headline": "France Imposes Fines on Shein and Temu Over Fast Fashion Sales",
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    "prose": "France started imposing penalties on extreme fast-fashion e-commerce sites, including Shein and Temu, on Tuesday to curb a surge in sales of cheap clothing. [^1]\n\nShein's valuation plunged ahead of its stock market debut in Hong Kong on Tuesday due to the end of duty-free access for cheap e-commerce parcels in the European Union and the U.S. [^2]\n\nThe penalties are part of a fast-fashion law passed in June that aims to address environmental concerns from overproduction. [^3]\n\nThe penalties range from €0.25 (30 U.S. cents) for a pair of boxer shorts or socks to €12 ($14) for a coat, with the amount capped at 50% of the product's pre-tax sales price. [^4]\n\nChina's commerce ministry has labeled the French law discriminatory and a potential violation of WTO principles. [^5]\n\nThe sanctions, part of a law approved in June, range from US$0.29 for underwear to US$13.92 for a coat, capped at 50% of the pre-tax selling price. [^6]\n\nShein's valuation dropped after the end of tariff exemptions for cheap e-commerce packages in the EU and US, adding to the difficulties caused by the new French sanctions. [^7]",
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