Temu is including “import prices” of round 145% in response to President Donald Trump’s tariffs on items shipped from China, CNBC studies.
The charges price greater than the merchandise that U.S. customers are shopping for, and in some circumstances are greater than doubling the worth of a regular order. For instance, CNBC discovered {that a} summer season costume offered on Temu for $18.47 will price $44.68 after $26.21 in import prices.
Shein has additionally hiked costs, however isn’t implementing an import cost, it seems.
The strikes come a couple of weeks after Temu and Shein warned that they had been going to lift costs for U.S. prospects beginning April 25 in response to the tariffs.
The 145% tariff on merchandise made in China, together with Trump’s determination to finish a customs exemption that had allowed items beneath $800 to enter the U.S. duty-free, has disrupted the enterprise fashions of each platforms.
