Trump triples tariff that would affect Shein, Temu packages
- Donald Trump announced a significant increase in tariffs on small parcels from China, affecting goods valued under $800 starting May 2, which will face a 30% tax and a minimum duty of $25.
- Tariffs could reach up to 150% after June 1, posing challenges to Chinese e-commerce exporters like Shein and Temu.
- Experts warned that the increased tariffs and the end of the de minimis loophole could limit product offerings for Shein in the U.S. market.
- Influencer Donna Leah expressed concern that the significant price increases could diminish interest in purchasing affordable items from Shein and Temu.
54 Articles
54 Articles
Escalating trade war set to raise costs on Shein, Temu
Fast fashion could become more expensive for consumers as China-based retailers like Temu and Shien will no longer be able to ship goods to the U.S. cheaply due to the closing of a tariff loophole. Will this send shoppers to more sustainable fashion brands? NBC News’ Kathy Park reports.
Customs duties can have a surprising impact on the direction and prices of small parcel flows.
In France alone, Temu and Shein account for 22% of the packages delivered by La Poste in 2024. The gradual closing of the doors of the American market obliges Chinese companies to set up more
Shein gains UK approval for London IPO, awaits China nod: sources
Online fast-fashion retailer Shein has secured approval from Britain’s Financial Conduct Authority (FCA) for its planned initial public offering (IPO) in London, according to two sources with knowledge of the matter.
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