US tariffs: how Trump’s tax is hitting Big Tech and beyond
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Temu and Shein just raised their US prices.
After warning a hike was coming, the ultra-cheap Chinese retailers are no longer so ultra-cheap. The increase comes ahead of the end of the de minimis exemption on May 2nd, at which point their low-value, direct-to-consumer packages will be subject to a 120 percent tariff.
TikTok says it’s also raising prices on “impacted products” sold through the video app, while AliExpress warns of both raised prices and delivery delays.
Temu, Shein kick off price hikes as Trump hits China e-tailer model
[asia.nikkei.com]
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