SHOPPERS are set to be slapped with higher prices from both Shein and Temu from April 25, and they could rise by 125%.
Fans of the bargain brands only have a short amount of time left to grab items before they get more expensive.
GettyShoppers are set to be slapped with higher prices from both Shein and Temu from April 25, and they could rise by 125%[/caption]The Chinese e-commerce sites are doing this as a direct result of President Trumps tariffs, per USA Today.
The President’s continuing trade war with the foreign powerhouse is now directly impacting American consumers.
The higher tariffs on Chinese products means that the US is paying more for the foreign goods.
As a result, that price is being passed onto the consumer.
Trump has done this as a way of encouraging shoppers to buy American products.
Both companies issued recent notices announcing the price increases, which will take effect April 25.
This only gives you three days to act and get the better prices.
SHEIN SAYS SORRY
In a customer notice, Shein thanked customers for their support.
The company said in a statement that “due to recent changes in global trade rules and tariffs, our operating expenses have gone up.
“To keep offering the products you love without compromising on quality, we will be making price adjustments starting April 25, 2025.”
Currently, Donald Trump has imposed 125% tariffs on Chinese exports, a rate which China has matched for American goods.
The President recently announced a 90 day pause on the tax he had raised against multiple other nations as a part of his reciprocal tariff scheme.
China remained the only country that did not see a pause in its tariffs, however.
Given the amount of items that American imports from China, several industries are at risk of having to put higher prices onto consumers.
Recently, the administration proposed that it could introduce the manufacturing of iPhones to the US, but that idea was heavily criticized by opponents.
China is also a mass producer of computers and toys, products which Americans could see rise in price soon.
TARGET WARNING
The US Sun recently reported on the ominous warning that Target’s CEO gave to the American consumer, as tariff concern continues.
This was before the pause came into effect, but the message remains a prescient reminder of the threat shoppers face.
Target‘s CEO Brian Cornell said: “Those are categories where we’ll try to protect pricing, but the consumer will likely see price increases over the next couple of days.
“If there’s a 25% tariff, those prices will go up.”
Why has Trump hit China, Canada, and Mexico with tariffs?
DONALD Trump has imposed 10% tariffs on Chinese imports and Beijing has retaliated. Trump also hit Canada and Mexico with 25% tariffs, but walked back many of them on March 6
China:
Trump believes China has not done enough to stop the production of chemicals used to make the drug fentanyl. China has slammed Trump for the claim and described fentanyl as America’s problem. The country also said the tariffs are a “serious violation” of the World Trade Organization rules. China is filing a lawsuit with the WTO against the US for “wrongful practice.” China serves as a major supplier of auto parts to the US. Phones, computers, and other key electronic devices were also in the top imports from China last year, according to Commerce Department data. In 2023, the US imported around $427 billion worth of products from China, according to the US Census Bureau. Data reveals that 78% of all smartphones imported from the US came from China. Trump’s tariff threat has sparked fears of price rises for fashion items and toys. Beijing has responded by outlining its own tariffs on American goods, sparking fears of an all-out trade war between the two superpowers.Canada:
Trump ignited a trade war with Canada and Mexico during his first days in office as part of a campaign promise to stop the flow of fentanyl and illegal immigrants into the United States. He said both countries had not done enough to halt the drug flow and the mass influx of migrants from reaching US soil. A total of 59 pounds of fentanyl was seized at the northern border by US agents between 2022 and 2024, according to the Canadian government. Meanwhile, almost 62,000 pounds of the drug was seized at the southern border. The 25% tariffs Trump proposed on Canadian goods were destined to come into force on March 4. Canada responded with a 25% tariff on $155 billion of American imports. On March 6, Trump warned the 25% tariff on steel and aluminium would come into force on March 12. Ontario Premier Doug Ford responded with a 25% surcharge on electricity exported to Michigan, Minnesota, and New York. Trump then threatened to double the 25% tariff to 50%. The Ontario premier warned that he “will not hesitate to increase” the levies or completely shut off power to the three US northeastern states. Both sides then agreed to talk and toned down their threat. Ford then paused the electricity surcharge.Mexico:
Mexico has managed to twice postpone Trump’s tariffs on Mexican goods. On February 1, Trump signed an executive order to impose tariffs on imports from Canada, Mexico, and China. But, on February 3, Trump agreed to pause the levies against Canada and Mexico after the countries took steps to appease Trump’s concerns on border security and drug trafficking. Trump then threatened that the 25% tariffs would come into force on March 4. Two days later, Trump announced a delay on most goods covered under the US-Mexico-Canada Agreement. Trump credited Mexican President Claudia Sheinbaum’s progress on border security and drug smuggling as a reason for the pause on the levies. The Mexican Navy has seized thousands of kilograms of drugs from criminal gangs. Sheinbaum promised to deploy 10,000 extra troops to the Mexico-US border. Still, Trump has maintained that on April 2, the US will begin imposing reciprocal tariffs on all its trading partners, including Mexico.He isn’t the only CEO to have issued a stark warning, either.
The CEO of Best Buy, Corie Barry, said: “Trade is critically important to our business and industry.
“The consumer electronic supply chain is highly global, technical and complex.
“We expect our vendors across our entire assortment will pass along some level of tariff costs to retailers, making price increases for American consumers highly likely.”
The Mega AgencyThe Chinese e-commerce sites are doing this as a direct result of President Trumps tariffs[/caption] Read More Details
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