Temu and Shein to Rethink Supply Chains During Temporary Lowering of US Tariffs

Temu and Shein reportedly have an opportunity to restock their U.S. warehouses during a temporary reduction in tariffs.An agreement between the U.S. and China that was announced Monday (May 12) lowered tariffs on most Chinese imports from 125% to 30% for 90 days and lowered the tariffs on low-value packages from 120% to 54%, CNBC reported Tuesday (May 13).This temporary reprieve gives Temu and Shein a chance to adjust their supply chains while still fulfilling orders, according to the report.When the previo ...