Rachel Reeves looks at ending zero tax regime for low-value imports

Chancellor reviewing rule that lets foreign retailers such as Amazon and Shein pay no duty on items costing under £135Markets rise as Trump backtracks on China tariffs and firing Fed chairRachel Reeves dashes hopes of early breakthrough in UK-US trade dealRachel Reeves is to review the tax regime for imports of low-value goods in an effort to prevent Chinese companies undercutting British retailers by dumping cheap items on online marketplaces.The chancellor is considering changes to rules