Chinese retailer Temu has shifted strategy in the face of U.S. tariffs. Through executive order, President Donald Trump has ended the so-called de minimis rule, which allowed goods worth $800 or less to enter the country without tariffs. He’s also increasing tariffs on Chinese goods by more than 100%, forcing both Chinese companies like Shein…
Category: temu
Apps, Asia Pacific, Commerce, Global Security News, Shein, Tariffs, temu
Temu adds ‘import charges’ after Trump tariffs
Temu is adding “import charges” of around 145% in response to President Donald Trump’s tariffs on goods shipped from China, CNBC reports. The fees cost more than the products that U.S. consumers are buying, and in some cases are more than doubling the price of a standard order. For example, CNBC found that a summer…
Asia Pacific, Commerce, Global Security News, Government & Policy, Shein, Tariffs, temu
Shein and Temu to raise prices for US shoppers in response to tariffs
Temu and Shein plan to raise prices for U.S. customers starting next week on April 25th, due to President Donald Trump’s tariffs on goods shipped from China, the Associated Press reports. The 145% tariff on products made in China, along with Trump’s decision to end a customs exemption that had allowed goods under $800 to…