Drastic price increase for Temun and Sheinen: Trump’s tariff war is having an impact
Starting April 25, products ordered on the Chinese Temu and Shein platforms became noticeably more expensive for American customers after the Trump administration’s tariff war measures came into effect. According to Bloomberg data, the price of some items on Shein increased by up to 377 percent – for example, in the case of a ten-piece tea towel set.
The site’s top 100 fashion and beauty products became more expensive by an average of 51 percent, but the price of some products doubled. However, in certain categories, such as women’s clothing, prices increased by a much more moderate 8 percent, Fortune reports.
The price increase is not only due to tariffs imposed on Chinese goods, but also because the US government closed a previous administrative loophole: until now, goods under $800 could be imported into the United States duty-free. As a result of the change, Temu and Shein products can now be subject to tariffs of up to 120 percent in the US.
Related news
Coffee prices are falling, can it be cheaper here too?
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >This is how they see the car of the future in China and Germany
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >China’s place in the global economy: the future isn’t “Made in China”
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
KSH: the gross average salary was 693,700 forints, 9.0 percent higher than a year earlier.
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >The state banned the purchase of Alföldi Tej
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Corn market: weak harvest, growing uncertainty, shifting imports
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >