Nashville (Tennessee, USA), Apr 17 (LaPresse/AP) – China-based e-commerce sites Temu and Shein have announced that they plan to raise prices for US customers starting next week. This is a knock-on effect of former President Donald Trump's measures imposing high tariffs on products shipped from China. Temu, owned by Chinese company PDD Holdings, and Shein, now based in Singapore, have separately announced – in almost identical notices – that their operating costs have increased ‘due to recent changes in global trade rules and customs duties’. Both companies said they would make ‘price adjustments’ as of 25 April, although neither specified the extent of the increases.It is unclear why the two competitors posted virtually identical statements on their sites.
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