Reported about 6 hours ago
Online retail giants Temu and Shein have faced a significant decrease in sales in the week following President Trump's announcement to eliminate a duty exemption for small parcels from China. This change has raised concerns among American consumers about potential additional fees, leading to a sales drop of up to 41% for Shein and 32% for Temu. The shift contradicts their growth trend observed in late January, reflecting broader challenges stemming from the new tariffs and market dynamics.
Source: YAHOO