Shein, Temu hike prices to offset 120% Trump tariff slated to take effect next week
1. Trump's tariffs lead to 120% increases on Shein and Temu products. 2. De minimis rule changes will affect low-value imports starting May 2. 3. Price hikes could heavily impact low-income American consumers using these sites. 4. Shein and Temu adjust prices to offset new operational costs from tariffs. 5. Significantly more packages targeted at lower-income zip codes under new rules.