Shein, Temu to raise US prices next week as Trump’s China tariffs begin to bite · TechNode
4 Articles
4 Articles
Shein, Temu to raise US prices next week as Trump’s China tariffs begin to bite · TechNode
Chinese fast-fashion disruptor Shein and budget shopping app Temu have alerted US customers to expect price increases starting April 25. The announcement comes as US President Trump intensifies his efforts to reshape US-China trade, including a crackdown on duty-free imports that has underpinned the success of ultra-low-cost Chinese platforms in the US.Why it matters: The twin warnings mark a turning point for platforms that have long relied on …
Trump Tariffs Force Temu Shein Price Increases
Chinese E-commerce Giants Face New Economic PressureIn a significant development for online shoppers, popular e-commerce platforms Temu and Shein have announced plans to raise prices for their U.S. customers beginning April 25. This decision comes as a direct response to President Donald Trump’s recently implemented tariffs on goods imported from China, according to reports from the Associated Press.The substantial 145% tariff on Chinese-manufac…
Temu Cuts U.S. Ad Spending and Drops in App Store Rankings After Trump’s China Tariffs
Temu, the Chinese online retailer that gained significant attention for its “Shop like a billionaire” marketing campaign during last year’s Super Bowl, has seen a sharp decline in its U.S. presence. The company, owned by PDD Holdings, has dramatically reduced its online ad spending and witnessed its ranking in the Apple App Store drop significantly, all thanks to President Trump’s tariffs on China and retaliatory tariffs from China. The Rise and…
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