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“Cheap goods” sold on Temu and Shein aren’t as cheap as they were 24 hours ago.
On Friday, the two companies raised prices on many goods, in advance of new tariffs set to take effect next week. The companies had informed shoppers of the coming price hikes last week.
American customers of Temu and Shein, which source most of their products from China, have largely been able to avoid paying tariffs, due to an exemption on shipments of goods worth less than $800.
That exemption, known as “de mini-mis,” is expiring on May 2, the result of an executive order President Donald Trump signed earlier this month.
Businesses will either have to pay a 120% tariff or a flat $100 fee per postal item. Come June 1, the flat fee will increase to $200.
Tariff woes continue: Temu, Shein to raise prices starting on April 25. (2025, April 17). PCMag Australia. https://au.pcmag.com/shopping/110614/tariff-woes-continue-temu-shein-to-raise-prices-starting-on-april-25