Reported 2 days ago
China-founded e-commerce platforms Temu and Shein announced they will raise prices for U.S. customers starting April 25 due to increased operating costs related to tariffs imposed by the Trump administration. These tariffs, especially the 145% import tax on Chinese goods, have impacted their business models, leading to a cut in advertising spending. Both companies, known for their low-priced products, have encouraged customers to continue shopping despite the upcoming price adjustments.
Source: YAHOO