Bad news for Shein and TEMU fans both announced on Wednesday that they were planning to raise prices.
Chinese retailers released almost identical notifications on Wednesday, which both read: “Because of the recent changes in global trade rules and definitions, our operating expenses have increased.”
“To continue to provide the products you love without prejudice to quality, we will make price adjustments starting from April 25, 2025,” a statement said.
Last week, President Donald Trump imposed a 145 % tariff on goods from China. Beijing takes average with a tariff of 125 % over American -made goods.
Both SHEIN and TEMU promised to their customers in the United States an eight -day low shop.
“Until April 25, the prices will remain the same, so that you can shop now at today’s prices. We have stored us and we are ready to make sure that your orders arrive smoothly during this time,” as stated in Timo’s statement.
Shin, a fashion retail store in the budget known for its massive production of clothes, and Timo, a low -cost market selling everything from home commodities to electronics, was in Trump’s direct line since he entered the office.
The president coordinated the trade gap in the minimum that allowed small parcels less than $ 800 to enter the United States, tax -exempt. Shin and Timo were benefiting from this gap.
On April 9, he issued an executive order imposing a 120 % tax on small parcels less than $ 800 from China, Hong Kong and Macau.
The matter added that the mailing fees for each element for these parcels will increase to $ 100 between May 2, June 1 and $ 200 after June 1.
On Wednesday, Hong Kong Postal Service announced that it would temporarily stop delivering goods from the United States, as well as goods from Hong Kong for the United States.
In a press release on Tuesday, Hongong Post said that the comment had led to the United States “unreasonable, bullying, and the imposition of customs tariffs.”
Shein and TeMu representatives did not respond to the comment requests from Business Insider.
