Reported about 6 hours ago
The U.S. Postal Service has suspended the acceptance of parcels from China and Hong Kong, leading to anticipated price increases for Chinese e-commerce platforms like Shein and Temu. This change, following a new 10% tariff on Chinese goods and the removal of a customs exemption for small packages, will disrupt shipping channels, particularly hurting Shein which relies heavily on USPS for direct shipments. While both companies may experience increased logistics costs, Temu's business model may help it maintain competitive pricing. The duration of this suspension remains uncertain.
Source: YAHOO