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

  • Temu and Shein plan to raise prices for U.S. Customers starting April 25 due to increased operating expenses from tariffs and trade rule changes.
  • Both companies cited President Donald Trump's 145% tariff on Chinese goods as a significant factor affecting their business models.
  • An executive order signed by Trump will eliminate the de minimis provision for Chinese goods, increasing import taxes starting May 2.
  • Both companies have encouraged customers to shop before the price increases take effect, aiming to minimize the impact on their business.
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HODINKEE broke the news in on Wednesday, April 16, 2025.
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