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.
354 Articles
354 Articles
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SHEIN, Temu See Massive Drop in US Daily Users Amid Trump's Tariffs
SHEIN and Temu, two of the most prominent Chinese e-commerce platforms operating in the US, have recently experienced a sharp decline in daily active users, signalling potential trouble ahead in one of their most lucrative markets. This downturn comes as former President Donald Trump reemerges on the political stage, with a renewed focus on tariffs and trade policies that could reshape the playing field for foreign retailers. What Caused the Use…
Šein and Temu, large online retailers known for extremely low prices, announced that they will raise prices for certain products today after President Donald Trump introduced high tariffs on Chinese goods. It is not yet clear which products will increase in price or by how much, writes Forbes.
US President Donald Trump's new trade sanctions could allow Chinese e-commerce giants such as Shein, Temu and AliExpress to divert their goods to Europe, dumping them on EU markets. The European Commission and member states are already working on safeguard measures to avoid industrial damage and loss of customs revenue. The reform of the customs union could therefore be implemented much sooner than originally planned due to geopolitical pressure.
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