Fast fashion e-commerce sites Temu and Shein say they're raising prices because of tariffs | CBC News

CBC - 17/04
Both of the China-founded sites say U.S. customers will see higher prices starting next week, and industry data shows they're pulling back on U.S. advertising, too.

China-founded e-commerce sites Temu and Shein say they plan to raise prices for U.S. customers starting next week, a ripple effect from President Donald Trump's attempts to correct the trade imbalance between the world's two largest economies by imposing a sky-high tariff on goods shipped from China.

Temu, which is owned by the Chinese e-commerce company PDD Holdings, and Shein, which is now based in Singapore, said in separate but nearly identical notices that their operating expenses have gone up "due to recent changes in global trade rules and tariffs."

Both companies said they would be making "price adjustments" starting April 25, although neither provided details about the size of the increases. It was unclear why the two rivals posted al...
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