The e-commerce sites founded in China Temu and Shein said they plan to increase prices for US customers from next week on a waterfall effect of US President Donald Trump’s attempts to correct commercial imbalance between the world’s two largest economies, imposing a very high tariff on Chinese products.
Temu, which is owned by the Chinese company PDD Holdings, and Shein, which is now based in Singapore, have said in separate but almost identical warnings that their operating expenses have increased “due to recent changes in global trade rules and rates.”
Both claimed that they would be making “price adjustments” from April 25, although none have provided details about the size of the increases.
It was unclear why the two rivals published almost identical statements on their shopping sites.
