Dark Mode Light Mode

Shein, Temu Prices Surge as High as 377% Ahead of Tariff Increases

The US Capitol Building is seen behind a traffic sign marked TARIFFS The US Capitol Building is seen behind a traffic sign marked TARIFFS
Shein, Temu Prices Surge as High as 377% Ahead of


If you've been for bargain items on Temu or Shein, brace yourself. Recent US tariff changes are sending prices soaring. Starting in late April, the Chinese e-commerce giants announced significant price hikes, with some items increasing by up to 377%, according to aggregated by Bloomberg News. The price surge comes after President 's administration revoked the “de minimis” exemption, which previously allowed goods under $800 to enter the US from mainland China and Hong Kong duty-. Representatives for Temu and Shein did not immediately respond to requests for comment.

Shein's price adjustments are notable in various categories. Beauty and health products have seen an average increase of 51%, and goods an increase of 30%, and 's clothing an increase of 8%. According to The Daily Beast, a kitchen towel's price jumped from $1.28 to $6.10 (377% increase) and a meat shredder rose from $2.91 to $9.02 (219% increase). Temu, owned by Chinese e-commerce company PDD Holdings, also raised prices, citing higher operating costs due to the new .

These changes are part of a broader trend where US shoppers are facing rising costs on imported goods. The elimination of the “de minimis” rule along with the imposition of higher tariffs has disrupted the models of these fast- retailers, leading to increased prices for consumers. Explore our new Tariff Pricing Tracker to keep track of how the tariffs are affecting popular products.





Source link

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Add a comment Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post
Use Stock Market Downturns To Make Your Kids Millionaires

Use Stock Market Downturns To Make Your Kids Millionaires

Next Post
How to Easily Restore Deleted iCloud Files

How to Easily Restore Deleted iCloud Files

Discover more from rjema

Subscribe now to keep reading and get access to the full archive.

Continue reading