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Fast-fashion retailer Shein’s prices for women’s clothing are significantly higher than late last year, as Trump’s tariffs ...
Both companies announced price increases, which will take effect April 25. China and the U.S. have imposed 125% tariffs on imports.
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Say goodbye to cheap prices: Temu and Shein are getting more expensive due to tariffsNew tariffs are raising prices on Temu and Shein, ending the era of ultra-affordable shopping for millions of U.S. consumers.
The recent tariff cut has offered a window of opportunity for them to ramp up shipments from China and restock their warehouses and fulfill existing orders.
Both online shopping sites hiked retail prices to cover the costs of increased US tariffs. Read more at straitstimes.com.
Chinese online retailers had previously relied on the "de minimis" loophole to ship low-value items to the US.
Companies squeezed by Shein and Temu are welcoming the end of a shipping rule that bolstered the Chinese e-commerce giants.
Shein has reduced its US retail prices following a temporary decrease in import duties on Chinese goods by the Trump ...
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