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The BBC is reporting that Chinese online retail giants Shein and Temu have warned US customers that goods will get pricier from next week, after President Donald Trump imposed hefty tariffs on goods from China.
In almost identical statements, the rival companies said they have seen operating expenses rise due to recent changes in global trade rules and tariffs, adding they will make price adjustments from April 25.
The shopping sites have gained tens of millions of customers in the US, attracted by their ultra-low prices.
Their popularity has put pressure on Amazon, prompting it to launch a new platform called Haul last November, featuring items for under US$20.
Since returning to the White House in January, Trump has imposed taxes of up to 145 per cent on imports from China. His administration said this week that when the new tariffs are added on to existing ones the levies on some Chinese goods could reach 245 per cent.
Trump has also ended a duty-free exemption for goods worth less than 8-hundred dollars, which helped Shein and Temu make rapid inroads to the US market.
English (US) ·