EU hits AliExpress with hefty fine over unsafe, counterfeit products

(CN) — Trade tensions between China and Europe worsened Monday after the European Union slapped a record 550 million euro fine on AliExpress, China’s rival to Amazon. The $630 million fine was only the second imposed by the EU for violations of its Digital Services Act, an online safety law in effect since 2023. The EU accused AliExpress of failing to prevent deficient, unsafe and counterfeit products from being sold in Europe. In December, the EU meted out a 120 million euro fine to Elon Musk’s X platform for violations of the Digital Services Act. Last week, X agreed to…