The European Commission is preparing to apply customs duties on cheap products coming from China, according to three sources cited by the Financial Times. Under current rules, goods under €150 can be imported into the bloc duty free from non-EU countries. For products over this threshold, the percentage or rate varies depending on the type of goods. The move, said one source, is intended to combat an influx of low-quality products imported from Chinese online marketplaces Temu, AliExpress, and retailer Shein. 2.3 billion items below the €150 threshold were imported into the EU last year, accor…