Temu and Shein Raise Prices in Response to US Tariffs

Discount eTailers Temu and Shein reportedly raised prices in response to new U.S. tariffs. Temu started adding "import charges" of about 145%, while Shein raised prices without adding a separate charge, CNBC reported Monday (April 28). Both companies warned their customers earlier this month that they would raise prices after President Donald Trump imposed tariffs and vowed to end the de minimis exemption that allows packages valued under $800 to enter the United States without paying duties, according to t ...