US EditionChinese 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.
303 Articles
303 Articles
'It does shine a good light on us': St. Petersburg 3D business benefits from tariff implementation
While many local businesses are facing increased costs due to the implementation of tariffs, others are seeing some benefits."It does shine a good light on us, because we are already here and ready," said Kyle Salkeld with Haddy.Manufactured in the U.S. is something St. Pete 3D manufacturing company, Haddy, prides itself in."U.S. made, here domestically, quick turnarounds," said Salkeld.Since President Donald Trump began imposing tariffs, many b…
Shein, Temu announce price increases starting next week as a result of Trump tariffs
A pair of popular Chinese fast-fashion e-commerce retailers say they’re increasing prices next week as a result of tariffs imposed by President Donald Trump on Chinese imports. Shein and Temu, rival companies, announced the decision in similar statements issued this week, according to the Associated Press.
Temu makes major online change as shoppers forced to switch gears
TEMU has made a significant change in its operations that could affect shoppers. It comes as the e-commerce giant adjusts to recent economic landscape changes. ReutersTemu is making a significant change this (stock image)[/caption] After officially launching in September 2022, Temu gained significant popularity among American consumers for its discount products, including clothing, home decor, small electronics, gardening tools, and other items.…
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