"Temu and Shein announced forthcoming price increases for U.S. customers, impacted by tariffs and trade rules, reflecting challenges in their low-cost business models."
"The 145% tariff on most Chinese goods and the end of the customs exemption significantly affect the pricing strategies for Temu and Shein, introducing cost pressures."
Temu and Shein, two e-commerce platforms, will raise prices for U.S. customers beginning April 25, citing increased operational costs from new tariffs imposed on Chinese goods. The 145% tariff, enforced by Trump alongside the removal of a customs exemption for low-value parcels, pressures their business models that thrived on low pricing. Both companies released similar notices regarding these changes, highlighting the broader implications for U.S.-China trade relations and the ongoing effects of tariffs on consumer goods.
Read at Opelika-Auburn News
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