Shein, Temu Warn of Price Hikes Due to Tariffs
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Shein and Temu, popular Chinese online retailers, announced price increases for US customers starting April 25th. This follows President Trump's re-imposition of tariffs on Chinese goods, reaching up to 245% on some items and ending a duty-free exemption for goods under $800. The tariffs have significantly impacted the companies' app rankings and advertising spending. Both companies claim they are working to mitigate the price impact on customers.
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