Shein and Temu, two Chinese online retail giants, announced they will raise prices for US customers starting April 25 due to increased operating expenses from tariffs imposed by the Trump administration. The tariffs, reaching as high as 245%, have put pressure on these companies, which have thrived on ultra-low prices. Both companies have seen their app rankings decline significantly, reflecting the impact of these tariffs and the ending of duty-free exemptions. U.S. lawmakers have expressed concerns regarding the exploitation of trade provisions by these retailers.
Shein and Temu have warned US customers that goods will get pricier after President Trump imposed hefty tariffs on imports from China, effective from 25 April.
The rise in operating expenses due to new tariffs combined with the end of the duty-free exemption has forced both companies to adjust their prices.
Since the new tariffs have been imposed, both Shein and Temu have seen a significant drop in app rankings in the US, affecting their market presence.
US lawmakers have expressed concern about how these companies exploited provisions allowing duty-free imports, which has drastically increased the volume of packages entering the US.
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