Shein and Temu warn tariffs will raise prices in US

Shein and Temu warn tariffs will raise prices in US Their popularity has put pressure on Amazon, prompting it to launch a new platform called Haul last November, featuring items for under $20 (£15.10). The shopping sites have gained tens of millions of customers in the US, attracted by their ultra-low prices. 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 25 April. 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. Since returning to the White House in January, Trump has imposed taxes of up to 145% 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%. Trump has also ended a duty-free exem ... Read full article.