President Donald Trump’s move to soften his automotive tariffs will lessen the pain, experts say, but it still won’t keep prices from rising.
Category: temu
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Americans are getting their first glimpse of life with tariffs
Already unhappy American shoppers will now see much higher prices on a lot of formerly low-cost goods, due to the expiration on Friday of a long-time tariff exemption on imported goods that cost less than $800.
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Amazon, Shein, Temu, and 7 other companies raising prices because of tariffs
President Donald Trump says his sweeping tariff policy will restore American manufacturing, rebuild the economy, and ensure national security. Whether that happens remains to be seen; meanwhile, the immediate effect of the trade war is that prices are rising.
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Amazon denies it will start listing cost of tariffs as other sites start doing it
This morning, Punchbowl News reported that Amazon was considering listing the cost of tariffs as a separate line item on its site, citing “a person familiar with the plan.” Amazon later acknowledged that there had been internal discussions to that effect but only for its import-focused Amazon Haul sub-store and that the company didn’t plan to actually list tariff prices for any items.
“This was never approved and is not going to happen,” reads Amazon’s two-sentence statement.
Amazon issued such a specific and forceful on-the-record denial in part because it had drawn the ire of the Trump administration. In a press briefing early this morning, White House Press Secretary Karoline Leavitt was asked a question about the report, which the administration responded to as though Amazon had made a formal announcement about the policy.
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The White House calls Amazon ‘hostile’ over report it will list tariff price hikes
The White House has accused Amazon (AMZN) of planning a “hostile and political act,” after a report that the tech giant would display how much tariffs will raise prices.
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A tariff loophole is about to close. Here’s how it’s hitting online shopping
Cheap goods from China are getting a whole lot more expensive. A shift in U.S. trade policy that will go into effect on May 2 is already affecting how millions of Americans shop online.
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Temu and Shein are already getting pricier
Prices are already rising on Temu and Shein, as the U.S. gears up to end the “de minimis” exemption that let online shoppers dodge tariffs on low-cost goods.
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Trump’s tariffs trigger price hikes at large online retailers
Popular online shopping meccas Temu and Shein have finally broken their silence, warning of potential price hikes starting next week due to Donald Trump’s tariffs.
Temu is a China-based e-commerce platform that has grown as popular as Amazon for global shoppers making cross-border purchases, according to 2024 Statista data. Its tagline, “Shop like a billionaire,” is inextricably linked to the affordability of items on its platform. And although Shein—which vows to make global fashion “accessible to all” by selling inexpensive stylish clothing—moved its headquarters from China to Singapore in 2022, most of its products are still controversially manufactured in China, the BBC reported.
For weeks, the US-China trade war has seen both sides spiking tariffs. In the US, the White House last night crunched the numbers and confirmed that China now faces tariffs of up to 245 percent, The Wall Street Journal reported. That figure includes new tariffs Trump has imposed, taxing all Chinese goods by 145 percent, as well as prior 100 percent tariffs lobbed by the Biden administration that are still in effect on EVs and Chinese syringes.
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Temu and Shein are getting ready to raise prices as a tariff loophole closes
If you want to order that pink flamingo throw pillow from Temu or those skinny jeans from Shein, you better do it now. The fast-fashion and home accessories retailers announced this morning that their pricing structures will change effective April 25.
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Temu is in big trade war trouble
A rising competitor to Amazon (AMZN) may find itself kneecapped by the trade war between China and the United States.