Temu, Shein to raise prices for US consumers starting next week as Trump administration closes tariff loophole
1. Temu plans price increases starting April 25 due to tariff changes. 2. Trump's executive order will end tariff loopholes on low-value imports. 3. Temu ships one million packages daily, indicating strong U.S. market presence. 4. Both Shein and Temu face pressure from new tariffs impacting their model. 5. Retailers are adjusting prices amid scrutiny over fast-fashion's environmental impact.