Temu and Shein, two e-commerce platforms founded in China, will begin increasing prices for U.S. customers next week due to rising operating costs stemming from President Trump's high tariffs on Chinese goods. Both companies cited changes in global trade rules as impacting their business models. With Trump ending a customs exemption and imposing a 145% tariff on many products made in China, these price adjustments are a direct response to the challenges posed by altered trade policies, which have significantly affected their competitive pricing strategy.
Temu and Shein announced upcoming price increases for U.S. consumers due to rising operating costs linked to new trade tariffs imposed under Trump's administration.
Both companies cited increased operating expenses from changes in global trade rules as the reason for their upcoming price adjustments set to begin on April 25.
Collection
[
|
...
]