Get the latest tech news
Shein and Temu to raise prices for US shoppers in response to tariffs
Temu and Shein plan to raise prices for U.S. customers starting next week on April 25th, due to President Donald Trump's tariffs on goods shipped from
Temu and Shein plan to raise prices for U.S. customers starting next week on April 25th, due to President Donald Trump’s tariffs on goods shipped from China, the Associated Press reports. The 145% tariff on products made in China, along with Trump’s decision to end a customs exemption that had allowed goods under $800 to enter the U.S. duty-free, has disrupted the business models of both platforms. The Wall Street Journal reported last year that Amazon now sees Shein and Temu as bigger threats to its business than retailers like Walmart and Target.
Or read this on TechCrunch
