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
The EU is looking for new markets for the food industry
The loss of the American market poses a serious challenge…
Read more >Is game over for Temu and Shein in Europe, too?
The European market is facing a new challenge due to…
Read more >China would stimulate domestic consumption with tax refund relief
China has taken another step to boost weak domestic demand…
Read more >Related news
Márton Nagy: there is a high chance that the margin reduction will be maintained
There is a high chance that the margin reduction measure…
Read more >In addition to Hungarians, Slovak millers also reject insects in food
The Slovak Milling Industry Association has joined the initiative of…
Read more >New EU guidelines help prepare for the application of the EUDR
The European Commission has published new guidance and frequently asked…
Read more >