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Trump triples tariff that would affect Shein, Temu packages

  • President Trump announced a 90% tax on imports valued up to $800, significantly increasing fees and impacting fast-fashion companies like Shein and Temu starting May 2.
  • The new postal fee will rise from $25 to $75 per item, increasing further to $150 by June 1, affecting the pricing of products from China.
  • Experts suggest that closing the de minimis loophole could result in higher prices and delays for items sold by Shein and Temu.
  • Over half of U.S. Packages benefiting from de minimis exemptions come from China, according to Reuters.
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Fortune broke the news in New York, United States on Friday, April 4, 2025.
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