Shein and Temu Raises Prices as US Ends Duty-Free Import Loophole
- Shein and Temu will raise prices for U.S. Customers starting April 25 due to increased operating expenses.
- The companies cited recent changes in global trade rules and tariffs as reasons for the price hike.
- The price hikes are a response to tariffs imposed by President Donald Trump.
- Other companies, including Best Buy and Nintendo, have also announced plans to raise prices due to Trump's tariffs.
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Stock exchange win by Shein a blow to supply chain transparency
Global fast fashion retailer Shein recently took a major step closer to listing on the London Stock Exchange (LSE) as reported by Reuters. The UK’s Financial Conduct Authority (FCA) has given its approval for the listing despite evidence and pressure...
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Leaning Left5Leaning Right4Center1Last UpdatedBias Distribution50% Left
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R 40%
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