E-commerce platforms bump prices following elimination of tariff exemption

E-commerce platforms bump prices following elimination of tariff exemption

E-commerce platforms are finding themselves in the crosshairs of President Trump's new trade war.China-founded online marketplaces Shein and Temu announced that beginning April 25 they'll bump up some prices "due to recent changes in global trade rules and tariffs."The two e-commerce rivals released nearly identical statements announcing their decisions.The move follows an executive order signed by President Trump to eliminate the "de minimis pr…

Temu and SHEIN, Chinese online retailers that sell Chinese-made clothing and daily necessities at low prices, have announced that they will raise prices in the United States from the 25th of this month. Due to the Trump administration's significant tariff hikes and the...

Chinese E-commerce Sites Temu, Shein Say They're Raising Prices Due to Tariffs

Get latest articles and stories on World at LatestLY. China-founded e-commerce sites Temu and Shein say they plan to raise prices for US customers starting next week, a ripple effect from President Donald Trump's attempts to correct the trade imbalance between the world's two largest economies by imposing a sky-high tariff on goods shipped from China. World News | Chinese E-commerce Sites Temu, Shein Say They're Raising Prices Due to Tariffs.

Chinese e-commerce sites Temu and Shein say they’re raising prices due to tariffs

By MAE ANDERSON, AP Business Writer NASHVILLE, Tenn. (AP) — China-founded e-commerce sites Temu and Shein say they plan to raise prices for U.S. customers starting next week, a ripple effect from President Donald Trump’s attempts to correct the trade imbalance between the world’s two largest economies by imposing a sky-high tariff on goods shipped from China. Temu, which is owned by the Chinese e-commerce company PDD Holdings, and Shein, which i…

Shein and Temu to hike prices over US trade policies

Online retailers Temu and Shein have warned their US customers that they will be increasing prices of their products from next week.

Temu, Shein See US Sales Surge Ahead of Small-Parcel Tariff

Online shopping giants Temu and Shein saw their sales rebound in March and April as US shoppers stockpiled products like makeup brushes and home appliances before tariff-led price increases set in.