Get the latest tech news
Amazon sellers are raising prices on hundreds of top-selling items as they confront higher import costs in the wake of President Trump’s new tariffs
Prices on thousands of of goods sold on Amazon, Temu and Shein are rising as U.S. tariffs on China boost import costs.
Costs rose on a wide range of items, from tech accessories such as phone chargers to women's clothing, SmartScout founder and CEO Scott Needham told CBS MoneyWatch. Chinese e-commerce sites Shein and Temu each announced last week that they would hike prices after the U.S. closed a loophole that had allowed goods worth less than $800 to enter the U.S. duty-free. "The chances are that tariffs on China are cut from their current more than 100% effective rate, but there is no clear timeline," analysts with Oxford Economics, an investor advisory firm, said in a report on Friday.
Or read this on r/technology
