Temu and Shein, two leading online shopping platforms, have announced potential price increases due to new tariffs imposed during the ongoing US-China trade war, specifically by Donald Trump. The "de minimis" exemption, which previously allowed duty-free shipments under $800, is set to end, resulting in tariffs as high as 90%. This development threatens their business models that rely on low prices and could dramatically alter the shopping landscape for consumers looking for affordable cross-border goods.
Temu and Shein warn shoppers of upcoming price hikes due to Trump's tariffs, as the US-China trade war continues to escalate and impact global retail strategies.
The cessation of the 'de minimis' exemption means Temu and Shein will face significant tariffs on imports, impacting their ability to maintain low prices for customers.
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